NAICOM Approves 2 Takaful Insurance Companies

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Monday, September 16, 2019 / 8.00AM / Bukola Akinyele  for Proshare WebTV / Header Image Credit: Airmic


The National Insurance Commission, NAICOM approved 2 new Takaful Insurance companies. The two firms that have been granted approval in principle are Cornerstone Takaful Insurance Company Limited  and Salam Takaful Insurance Company Limited. 

This brings the total number of Takaful Insurance companies in the country to four (4) with Noor Takaful Insurance Company Limited and Jaiz Takaful Insurance Company Limited. Other developments in the industry within the week included the following:


LASACO Assurance Plc Postpones AGM to October 9th, 2019

The Nigeria Stock Exchange announced the postponement of the  LASACO Assurance Plc from last week 12th September to October 9th, 2019.

This will be the 39th Annual General Meeting of LASACO Assurance Plc.


Universal Insurance Company Appoints Non-Executive Director

Universal Insurance Company appointed Barrister Jasper Osita Nduagwuike last week to its board, its new Non-Executive Director.

Barr. Jasper Nduagwuike worked in several other companies within the industry in different capacities and was the pioneer Managing Director of Honesty Insurance Company Limited, a position he held from 1996 to 2003.


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