7/21/2011

In Nigeria, Federal Government approves 49 insurance firms

In Nigeria, Federal Government approves 49 insurance firms

The government in Nigeria recently released the names of 49 insurance companies that met the requirements for recapitalisation. The companies are listed below.

- ADIC Insurance Company Ltd.

- African Alliance Insurance Company Ltd.

- AIICO Insurance Plc.

- Alliance & General Insurance Plc.

- Anchor Insurance Company Ltd.

- Capital Express Insurance Company Ltd.

- Consolidated Hallmark Plc.

- Continental Reinsurance Company Plc.

- Cornerstone Insurance Plc.

- Crusader Insurance Plc.

- Custodian and Allied Insurance Plc.

- Equity Indemnity Insurance Plc.

- Equity Life Insurance Company Ltd.

- Goldlink Insurance Plc.

- Great Nigeria Insurance Plc.

- Guaranty Trust Assurance Plc.

- Guardian Express Assurance Company Limited

- Guinea Insurance Plc.

- Heirs Life Assurance Company Ltd.

- Industrial & General Insurance Company Ltd.

- Insurance PHB Ltd.

- Intercontinental Wapic Insurance Plc.

- International Energy Insurance Company Ltd.

- Investment and Allied Insurance Company Ltd.

- Kapital Insurance Company Ltd.

- Leadway Assurance Company Ltd.

- LASACO Assurance Plc.

- Law Union and Rock Insurance Plc.

- Linkage Assurance Plc.

- Mutual Benefit Assurance Plc.

- NEM Insurance Plc.

- Nigeria Agricultural Insurance Corporation (NAIC)

- Niger Insurance Plc.

- Oasis Insurance Plc.

- Oceanic Insurance Company Ltd.

- Prestige Assurance Plc.

- Regency Alliance Insurance Plc.

- Royal Exchange Assurance Plc.

- STACO Assurance Plc.

- Standard Alliance Insurance Plc.

- Standard Life Assurance Plc.

- Sovereign Trust Assurance Plc.

- Sterling Assurance Nigeria Limited

- UNIC Insurance Plc.

- Union Assurance Company Plc.

- United Trust Insurance Company Ltd.

- Universal Insurance Company Ltd.

- Yankari Insurance Company Ltd.

- Zenith Insurance Company Ltd.

- Composite Insurance

- Life Insurance

- Composite Insurance

- General Insurance

- General Insurance

- Life Insurance

- General Insurance

- Reinsurance

- Composite Insurance

- Composite Insurance

- General Insurance

- General Insurance

- Life Insurance

- Composite Insurance

- Composite Insurance

- Composite Insurance

- Life Insurance

- General Insurance

- Life Insurance

- General Insurance

- General Insurance

- Composite Insurance

- General Insurance

- General Insurance

- General Insurance

- Composite Insurance

- Composite Insurance

- General Insurance

- General Insurance

- Composite Insurance

- General Insurance

- General Insurance

- Composite Insurance

- General Insurance

- Composite Insurance

- General Insurance

- General Insurance

- Composite Insurance

- General Insurance

- Composite Insurance

- Life Insurance

- General Insurance

- General Insurance

- Life Insurance

- Composite Insurance

- General Insurance

- General Insurance

- General Insurance

- Composite Insurance

The new capital requirements are as follows:

General Insurance Companies: N 3, 000,000,000- ($24,000,000)

Life Insurance Companies : N 2, 000,000,000- ($16,000,000)

Reinsurance Companies : N10, 000,000,000 -($80,000,000)

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Life Insurance Knowledge:Life Insurance , private, death, employee pensions and annuities,life insurance, educational, life insurance companies

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