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Nigeria’s NAICOM Issues New Licences to 43 Recapitalised Insurers
['Samuel Ncube']
The Rio Times
—Who cleared: 23 non-life insurers, 10 life insurers, 8 composite firms and 2 reinsurers — Continental Reinsurance Plc and FBS Reinsurance Limited.
Nigeria’s NAICOM Issues New Licences to 43 Recapitalised Insurers.
Life insurers must now hold ₦10 billion (about US$7.3 million), up from ₦2 billion (about US$1.5 million).
Who cleared the barThe published register breaks down as 23 non-life insurers, 10 life insurers, 8 composite firms and 2 reinsurers.
The 43 are 23 non-life insurers, 10 life insurers, 8 composite firms and 2 reinsurers.