AIICO Insurance Plc is leading other underwriters in claims payment as it paid N10.18 billion to claimants last year. Lagos Nigeria, 15 January 2021 — Global Credit Ratings has affirmed the national scale ratings assigned to C&I Leasing Plc of BBB(NG) and A3(NG) in the long term and short term respectively, with the outlook accorded as Negative. Nike Popoola AIICO said it paid out about N1.7bn to its customers in fulfilment of its contractual obligations on claims, benefits, loans and maturity payments among others. This site uses Akismet to reduce spam. Aiico Insurance PLC Recruitment…Aiico Insurance PLC, This article will guide you on how to apply for Aiico Insurance PLC Recruitment without much stress, in this article, the requirements that you need as well as the qualifications have been outlined in details. I have read and agree to the terms & conditions. From left:Head, Strategic Marketing & Communications, AIICO Insurance Plc, Segun Olalandu; Senior Manager, South West Zonal Office, National Pension Commission, Lanre Ogedegbe, who represented the winner, Head, Corporate Communications, PenCom, Peter Aghahowa and Senior Manager, South West Zonal Office, Ladi Ishola at the event at the weekend in Lagos. Commenting on the quotation of the issue, the Managing Director of Total Nigeria, Mr Imrane Barry, explained that: In his remarks, the Managing Director, Valency International Pte Ltd., Mr Sunil Dhanuka, said: googletag.pubads().definePassback('/42150330/nairametrics/Nairametrics_incontent_new', [300, 250]).set("page_url", "%%PATTERN:url%%").setClickUrl("%%CLICK_URL_UNESC%%").display(); Get the scoops and market intelligence that can helpyou make better investment decisions right in yourmailbox. The rating is valid until October 2021. importance to us. FMDQ Securities Exchange Limited has announced the quotation of Total Nigeria Plc, Mixta Real Estate and Valency Agro Nigeria Limited Commercial Papers under its platform. Log In. AIICO provide life insurance and retirement services as well as risk underwriting to a substantial and diversified client base, which includes corporations, financial institutions, governments and individuals in Nigeria. 3 talking about this. Aba 8. In lieu of this, the firm recorded about 126% subscription. Lagos Nigeria, 15 January 2021 — Global Credit Ratings has accorded an indicative national scale rating of BBB+(NG) to proposed C&I Leasing Plc’s Series 2 Senior Secured Bonds, with the outlook accorded as Negative. The Managing Director & CEO, Mr. Babatunde Fajemirokun, said: READ: International Breweries Plc raises N165 billion, Rights Issue fully subscribed. AIICO Insurance Plc, a leading insurer in Nigeria has recorded a 126% subscription of its recently concluded rights issue, in what seems to be another giant leap forward in its recapitalization journey. AIICO Insurance Plc said it paid a total of N1.7 billion claims within the first 21 days of the COVID-19 lockdown in two states and the FCT that was announced by President Muhammadu Buhari last month. has taken a number of precautionary measures to minimise the likelihood of transmission and impact, while our staff members have been strongly encouraged to work remotely from See details below. participants. This funding round was led by US-based Owl Ventures, which is focused on education as an investment. Total Nigeria Plc had earlier issued a debut commercial paper, which was aimed at supporting the sector and reactivating the economy. 1,107 people follow this . 1,077 people like this. American International Insurance Company (AIICO) Insurance Plc. All contracts of the Company shall continue to be in force and effect in accordance with their respective terms and conditions, and CAP shall assume all rights and obligations of the Company under all such contracts. Part three of the report, examines the determining factors to be considered before choosing an insurance scheme, while Part Four of the report took a quick detour into the Nigerian Insurance Industry with specific focus on the capability of insurers to pay claims while analysing the strengths, weakness, opportunities, and threats of the industry. GCR Affirms AIICO Insurance Plc’s Rating of A(NG); Outlook Stable. Students can access the lessons via streaming and SD cards, where they can download and store the content, allowing them to study remotely, removing challenges around internet access limitations and costs. “We have been responding non-stop to our customers for payment of claims, policy loans, partial & full maturity benefits, etc. “We are glad for the successful registration of Valency Agro’s, N20 billion CP Issuance Programme. Founded in 1963, AIICO provides life and health insurance, general insurance and investment management services as a means to create and protect wealth for individuals, families and corporate customers. READ: Flutterwave, One pipe, and funding raised by Nigerian Tech startups. Making the pledge during a breakfast meeting with the new executives of the National Association of Insurance and Pension Correspondents (NAIPCO) in Ikeja, Lagos, at the weekend, the Divisional Head, Shared Services, Mr. Olusanjo Shodimu, said the Insurance … According to the News Agency of Nigeria, the disclosure was made by the FMDQ Group in a corporate statement issued, sequel to the fulfilment of all regulatory requirements. Ebere Nwoji highlights events that shaped the insurance sector in 2020 The year 2020 is unarguably an exceptional year for the insurance sector and other businesses in … Made the pledge during a breakfast meeting with new executives of the National Association of Insurance and Pension Correspondents (NAIPCO) in Ikeja, Lagos, at the weekend, the Divisional Head, Shared Services, Olusanjo … Despite the disruption caused by COVID-19 East Africa remains the continent’s fastest-growing region. Make recommendations in areas such as cash management, insurance coverage, investment planning & other information needed to … AIICO Insurance Plc., he said, is a leading composite insurer in Nigeria, commenced operations in 1963. To receive a Cash Consideration of N2.90 for each ordinary share of N0.50 held in Portland Paints as at close of business on the Terminal Date. — AIICO Insurance Plc said it paid a total of N1.7 billion claims within the first 21 days of the COVID-19 lockdown in two states and the FCT that was … A Federal High Court approved the proposed scheme merger between Chemical Allied Products Plc and Portland Paints Plc. 5. Global Credit Ratings (“GCR”) has accorded the above credit ratings to AIICO Money Market Fund (“AMMF”) based on the following key criteria: Fund profile: AMMF is an open-ended fund, ...Read More. Lagos Isolo 7, Factory Road 203/205, Apapa-Oshodi Expressway Aba, Abia State Isolo, Lagos Tel: +234 805 531 4351 Tel: +234 802 305 4803; +234 805 717 6063 9. AIICO Insurance Plc has recorded a 126% subscription of its recently concluded rights issue. thanks you for your continued support and trust, particularly in these challenging times. AIICO INSURANCE PLC AND SUBSIDIARIES Interim Report and Accounts 31 March 2020 Corporate Information (Cont'd) 7. GCR’s East Africa manager Sylvia Chahonyo recently moderated a discussion hosted by Invest Africa on political and ... GCR Ratings is very pleased to announce the acquisition of a 65% shareholding in West Africa Rating Agency S.A. (WARA), a Senegal domiciled and Francophone Africa focused Credit Rating Agency ... Country Risk Score Action GCR has lowered the public country risk score on the Republic of Zambia following the missed interest payment and announced suspension of debt service to external ... Summary 12 Nov 2020 - GCR Ratings (“GCR”) has published a Special Report on how we analyse legal entities within larger operating groups. Share this post with your friends: Click to share on Twitter (Opens in new window) AIICO Insurance Plc was established in 1963 with a large Life and Non-life business, and complimentary focus on Asset Management, Health and Pension. All employees and undertakings rights, powers and duties of a personal character, which could not generally be assigned or performed vicariously, of the Company shall be transferred to CAP. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion. participants. Global Credit Ratings (“GCR”) has accorded the above indicative rating to FSDH Funding ...Read More. The entire share capital of the Company shall be cancelled, and the Company shall be dissolved without being wound up. Claim expenses (net) (8,872,382) (7,040,703) (1,831,679) (26) Profit before taxation 1,139,432 2,366,870 (1,227,438) (52) ... AIICO Insurance Plc acquired Nigerian French Insurance Plc and Lamda Insurance Company Limited in February 2007. Lagos Nigeria, 15 January 2021–Global Credit Ratings accords a national scale fund rating of A+(NG)(f) to AIICO Money Market Fund; with the outlook accorded as Stable. It also approved the quotation of Mixta Real Estate Plc., N2 billion Series 32 CP under its N20 billion CP Issuance Programme. The Chief Financial Officer, Mr. Oladeji Oluwatola, also stated that: The oversubscription is an indication that the demand by existing shareholders for the firm’s stock outweighs the supply, indicating strong investors’ confidence in the firm’s potentials and the willingness by existing shareholders to be part of a promising future. Lagos Nigeria, 18 January 2021 – Global Credit Ratings has affirmed the national scale financial strength rating assigned to Custodian Life Assurance Limited of A(NG), with the outlook accorded as Stable. READ: Niger Insurance … Check insurance claims to solidify trust and safeguard the reputation; Frequently replenish job-specific knowledge and apply it on the field; Fulfill all company-established policy obligations; Job Requirements: Proven experience as an insurance sales representative Global Credit Ratings (“GCR”) has accorded the above credit rating to C&I Leasing Plc’s Series 1 Senior Secured Bonds (“Series 1 ...Read More. We are recruiting to fill […] AIICO Insurance is a leading composite insurer in Nigeria with a record of accomplishment of serving its clients that dates back over 50 years. With the rights, the shareholder can purchase new shares at a discount to the market price on a stated future date. key business lines . AIICO insurance plc is the leading player in the industry with the largest and most profitable agency network in Nigeria. You can also send an email to AIICO insurance or call the company’s customer care. The health and well-being of our staff members and all our stakeholders is of the utmost Online Services. In the same vein, the FMDQ Group also approved the registration of Valency Agro Nigeria Ltd., N20 billion CP programme on its platform. AIICO insurance customer care is available by phone Monday through Friday, from 8:00 am to 5:00 pm. AIICO Insurance Plc was established in 1963 with a large Life and Non-life business, and complimentary focus on Asset Management, Health and Pension. The company has paid out about N1.7 billion to its customers in fulfilment of its contractual obligations covering claims, benefits, loans, maturity payments, etc. AIICO Insurance Plc has presented its scorecard detailing its performance within the first 21 days of COVID-19 lockdown. The 52 week high price is N1.20 and the 52 week low price is N0.60. In line with this, the Federal High Court ordered that a meeting of the holders of the fully paid ordinary shares of Portland Paints and Products Nigeria be convened and held for the purpose of considering and approving a Scheme of Merger between the concerned entities. Create New Account. or. For one low … GCR continues to actively monitor the countries, sectors and issue(r)s within its ratings universe, and will continue to provide timely and accurate credit ratings, alongside useful credit research regarding market developments. The statement explained that FMDQ admitted Total Nigeria Plc., N2.25 billion Series 1 and N12.75 billion Series 2 Commercial Papers (CP) under its N30 billion CP Issuance Programme. AIICO provides life insurance, health insurance, general insurance, wealth management and pension management services as a means to create and protect wealth for individuals, families and corporate customers. It has acquired the highest quality of learning systems and processes. Insurance claims as a percentage of Net Premium in the same period hit 72% in 2020 compared to 61% in the same period in 2019. Product/Service . AIICO Insurance Plc has paid its customers the sum of N350 million within the first 48 hours of COVID-19 lockdown, in fulfillment of its avowed commitment to prompt settlements. ... All legal proceedings, claims and litigations pending or contemplated by or against the Company be continued by or against CAP. Product/Service. Part three of the report, examines the determining factors to be considered before choosing an insurance scheme, while Part Four of the report took a quick detour into the Nigerian Insurance Industry with specific focus on the capability of insurers to pay claims while analysing the strengths, weakness, opportunities, and threats of the industry. Learn how your comment data is processed. Lagos Nigeria, 15 October 2019 - Global Credit Ratings has affirmed the national scale claims paying ability rating assigned to AIICO Insurance Plc of A (NG), with the outlook accorded as Stable.Furthermore, Global Credit Ratings has accorded an international scale claims paying … All monies standing to the credit of the Company at banks and with other debtors within and outside Nigeria be held to the credit of CAP. AIICO Insurance Plc has restated its commitment to deepen insurance penetration, education and awareness in the country. GCR thanks you for your continued support and trust, particularly in these challenging times. Global Credit Ratings (“GCR”) has accorded the above credit ratings to C&I Leasing Plc (“C&I” or “the Group”) ...Read More. Niger Insurance Plc posts N311.43 million loss in Q2 2020, AIICO increases authorised share capital to N18 billion, International Breweries Plc raises N165 billion, Rights Issue fully subscribed, Japan’s Ohara Pharmaceutical takes over 20% stake in Fidson Healthcare, Flutterwave, One pipe, and funding raised by Nigerian Tech startups, Griezmann severs ties with Huawei over Uighurs Muslims identification report. Her Journey in Nigeria began in 1963, as an Agency office of American Life Insurance Company (“ALICO”) – at the time, a subsidiary of American International Group (“AIG”). Plc has recorded a 126 % subscription and reactivating the economy of “ ”. They need was led by US-based Owl Ventures, which is FOCUSED on SMALL to MID-SIZED ENGAGED. On Wednesday, 30th September 2020 have read and agree to the market price on a stated future date billion. Acquired the highest quality of learning systems and processes WORKERS ’ COMP insurance FOCUSED on education as insurance! 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