Nigerian Insurance Market Faces Challenges to Realize Its Potential: AM Best October 9, 2020 Nigeria’s insurance market has great potential given its position as Africa’s largest economy, its substantial oil and gas reserves and...
Allianz Acquires Nigeria’s Ensure Insurance to Expand in Key African Market August 30, 2017 Allianz Group announced a binding agreement to acquire 98 percent of Nigerian insurer Ensure Insurance Plc. from its core shareholder...
Nigeria Insurers Receptive to M&A as Economy Contracts February 28, 2017 By Emele Onu Nigeria’s insurance industry is poised to enter a period of consolidation as companies struggle to raise cash to meet new...
Swiss Re Targets Nigerian Acquisition, Seeking to Tap African Growth Rates June 2, 2015 By Renee Bonorchis Swiss Re AG, which has had an African presence for more than 60 years, said it’s in talks with Nigerian...
A.M. Best: Nigeria Insurance Sector Offers Significant Potential for Investors May 26, 2015 Although fluctuating oil prices threaten Nigeria’s economic expansion, the country’s insurance sector offers significant potential for foreign investors attempting to...
AXA Says Nigeria Election Process Will Benefit Overall African Economy April 7, 2015 By Fabio Benedetti-Valentini and Renee Bonorchis AXA SA, the largest foreign insurer active in Nigeria, sees the peaceful manner in which the country is handling its...
Oil Tankers Run Gauntlet in Nigeria’s ‘Pirate Alley’ February 6, 2015 By Libby George A pirate attack that killed a supertanker crewman off the coast of Nigeria this week has highlighted a growing threat...
West Africa Piracy Endangering Commodities Shipping, Increasing Rates June 18, 2013 By Jonathan Saul Pirate attacks off West Africa’s mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the...
Ratings Recap: Leadway, ICON Re, Montpelier Re (Notes) October 8, 2012 A.M. Best Europe – Rating Services Ltd. has revised the outlook to negative from stable and affirmed the financial strength...
Pirates Thwarted in Attack on Nigerian Tanker March 2, 2012 Pirates have attacked a ship off the coast of Nigeria for the second time in as many days, but the...