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| Daniel |
Chuks Udo Okonta
The National Insurance Commission (NAICOM) has said only 10 out of the 59
underwriting firms have submitted their second quarter financial results for
this year.
A statement by the Assistant Director, Corporate Affairs of the
commission, Salami Rassaq, said the firms are ARM (Crystalife) Life Insurance
which posted N585.61 million in the quarter; Equity Assurance Plc, N1.5
billion; Fin Insurance Company Limited, N222.45 million; Guinea Insurance Plc,
N294.85 million; KBL (PHB) Insurance Limited N799.81 million; Linkage Assurance
Plc N1.7 billion.
Others are Mutual Benefit Assurance Plc N4.37 billion; Old Mutual Nigeria
Life Assurance Limited N594.60 million; Wapic Life Assurance Limited N372.55
million and Wapic Insurance Plc N1.7 billion.
Commission for Insurance Fola Daniel, has pledged to be publishing the
quarterly positions of underwriters as part of the transformation programme of
the commission, adding that there is no longer hiding place for operators who
are not ready to embrace the change in the industry.
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