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Tag : Insurance industry recapitalization

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Consolidated Hallmark Insurance reaffirms financial strength on the back of NAICOM’s ratification of recapitalisation

Kelvin Egerue
Consolidated Hallmark Insurance Limited, a subsidiary of Consolidated Hallmark Holdings Plc has reaffirmed its position as one of Nigeria’s financially strong, resilient and dependable insurance companies after successfully meeting the National Insurance Commission’s (NAICOM) new minimum capital requirement under the industry’s recapitalisation programme. The milestone underscores the company’s sound financial......
Business & EconomyInsurance digestNewsStock Market

Recapitalization: NAICOM clears 43 insurance firms, puts 8 others in waiting room

Kelvin Egerue
Insurance industry regulatory authority the National Insurance Commission (NAICOM) has cleared a total of 43 insurance and reinsurance companies to continue operations saying that the companies met the industry’s recapitalization requirements which set a higher bar of minimum capital requirement as prescribed by the 2025 insurance sector reform Act. NAICOM......
Business & EconomyInsurance digestStock Market

AXA Mansard’s profit climbs to ₦7.8bn as capital base meets NAICOM’s threshold

Kelvin Egerue
An underwriting firm, AXA Mansard Insurance Plc has sustained its growth momentum in the first half of 2026, posting a 14 per cent increase in profit after tax to ₦7.8 billion while reaffirming that it is well positioned to meet the new minimum capital requirements under the Nigerian Insurance Industry......
Insurance digestStock Market

Sovereign Trust Insurance scales recapitalization hurdles, makes N1.5bn deposit ahead of deadline

Kelvin Egerue
Following the directives of the National Insurance Commission, (NAICOM), to all insurance companies in the country to make statutory deposit of 10% of regulatory minimum capital with the Central Bank of Nigeria, (CBN), in line with the provisions of the Nigerian Insurance Industry Reform Act, 2025 (NIIRA), Sovereign Trust Insurance......
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