2007 Recapitalisation: Insurance Firms tackle FG on tax concession

KELVIN EGERUE

THE last may not have been heard of the last recapitalization and consolidation exercises conducted by insurance companies in Nigeria as companies which survived the onslaught are now crying blue murder...>>>More

Regulation will not do everything for insurance industry — Madiebo

•Chief Rowland Ijeoma Madiebo, former Managing Director/Chief Executive Officer of Intercontinental Assurance Company Limited, a Chartered insurer, a one time representative of Nigerian insurance industry at the West African Gas Pipeline Insurers consortium and currently Executive Chairman, RIM Insurance Brokers Limited, an emerging broking firm with the mission of bringing insurance services to the door step of all Nigerians is striving to establish an arrangement in the industry which borders among others on professionalism. In this interview with EDET UDOH, Chief Madiebo speaks on issues concerning the industry as well as his intention to use RIM insurance Brokers to transform the industry. Below are the excerpts:

Who is Chief Rowland Ijeoma Madiebo?

Chief Rowland Ijeoma Madiebo is the Executive Chairman of RIM Insurance Brokers Limited. I had been in insurance industry for quite some time starting from broking to management of insurance companies before settling for establishment of RIM Insurance Brokers. I was the former Managing Director of Intercontinental Assurance Company Limited before the industry recapitalization/consolidation exercise from where I retired...>>>More

DOYEN of insurance business in Nigerian Mr. Talabi Braithwaite has warned insurance operatives in the country to be mindful of the need to protect the integrity of the profession saying that it would not worth the industry’s while for it to be sacrificed at the alter of profitability...>>More

Oceanic Insurance partners Aero on Travel Insurance

THE quest to deepen insurance penetration in the Nigerian insurance industry has seen companies venturing deeper into the fashioning and repackaging of new insurance products and services...>>>>More

Law Union appoints Managing Director

THE board of Law Union and Rock has announced a change in executive management following the exit of Mr. Olumide Falohun.

Hitherto the Executive Director in charge of Finance and Administration, Mr. Segun Ilori, an took over all administrative duties from Mr. Olumide Falohun has been appointed the chief executive officer of Law Union & Rock Insurance Plc... >>>More

NIA tightens noose on erring companies

... As Kari, 3 others secure council seats

Determined to maintain strict discipline within its rank, the general assembly of the Nigerian Insurers Association (NIA) last week in Lagos amended its article of association as to allow greater room for sanctioning erring members... >>>More

African Re post N3.03bn profit

THE chairman of the African Reinsurance Corporation (African Re), Mr. Musa Al-Nas yesterday disclosed that the Corporation made a net profit of over N3.028 billion ($20.6 million) just as it achieved a production figure of N58.947 billion ($401 million) with shareholders’ funds hitting N32.681 billion iun its 2008 year end report...>>>More

... Relocates to Lekki

As part of the processes of re-defining service delivery in the nation’s insurance industry, Anchor Insurance has strategically moved her corporate head office to a choice area in Lagos. This, the company explained last week is to enable it stand out as a stronger player in the Insurance industry...>>>More