All legal proceedings, claims and litigations pending or contemplated by or against the Company be continued by or against CAP. Despite the disruption caused by COVID-19 East Africa remains the continent’s fastest-growing region. Share this post with your friends: Click to share on Twitter (Opens in new window) 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 Contents. AIICO Insurance Plc paid about N1.7 billion claims within the first 21 days of the COVID-19 lockdown, the Managing Director of the company, Mr Babatunde Fajemirokun has said.. Fajemirokun, in a statement, stated that the claims payment was in fulfilment of their contractual obligations covering claims, benefits, loans, maturity payments. “We have been responding non-stop to our customers for payment of claims, policy loans, partial & full maturity benefits, etc. 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. AIICO INSURANCE PLC AND SUBSIDIARIES Interim Report and Accounts 31 March 2020 Corporate Information (Cont'd) 7. Group News Editor Ejiofor Alike Email Ejiofor.Alike@thisdaylive.com, 08066066268. 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. You can call in on this numbers 01-279-2930 and 0700 AIIContact … Log In. For example, insurance claims for the nation’s top insurers, Custodian, NEM, Axa Mansard, AIICO, WAPIC, and Consolidated Insurance rose from N56.3 billion in the first 9 months of 2019 compared to over N78 billion in the first 9 months of 2020. 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. I have read and agree to the terms & conditions. This funding round was led by US-based Owl Ventures, which is focused on education as an investment. Lagos Nigeria, 30 September 2020 – Global Credit Ratings has today placed AIICO Insurance Plc’s national scale claims paying ability rating of A (NG) under review. 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. The health and well-being of our staff members and all our stakeholders is of the utmost Create New Account. 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. 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. 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. Concurrently, the following rating action was taken: Lagos, 15 January 2021 — Global Credit Ratings has upgraded the national scale long term Issuer rating of Ondo State Government of Nigeria to BBB(NG), with the Outlook accorded as Stable. AIICO Insurance Plc has recorded a 126% subscription of its recently concluded rights issue. The statement said upon approval by the shareholders at the court-ordered meeting, which will be held at 12:00 pm on Thursday, 18 February 2021 at Radisson Blu Hotel, the subjoined resolutions of the Scheme Merger shall be effected. 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. According to Investopedia, a rights issue is an invitation to existing shareholders to purchase additional new shares in a company. 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. Your email address will not be published. Nairametrics also gathered that shares allotted will be credited immediately to the CSCS accounts of allottees by the Registrars to the issue. 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. This site uses Akismet to reduce spam. 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. 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. Forgot account? or. The claims payment status released by the National Insurance Comission (NAICOM) stated that the firm made the largest claims amidst the 22 firms that have secured approval for their last year's accounts. Founded by Sim Shagaya, uLesson curates personalised, curriculum-relevant content via mobile and PC devices for students in the K-7 to K-12 segment across the continent. Overview of the Scheme Merger and options offered to shareholders. The disclosure is contained in a press statement, signed by the firm’s Head of strategic marketing and communications, Segun Olalandu and sent to Nairametrics. 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