Or be allotted 1 ordinary share of N0.50 each in the share capital of CAP (credited as fully paid) in exchange for every 8 ordinary shares of N0.50 each held in Portland Paints. All assets and liabilities of Portland Paints including but not limited to real property, intellectual property rights, permits, credits, allowances, equipment and machinery, plant, fixtures and fittings, motor vehicles and businesses, shall be transferred to CAP. AIICO Insurance Plc., is the leading life insurer in Nigeria. 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. This type of issue gives existing shareholders securities called Rights. participants. 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. Page Transparency See More. Share this post with your friends: Click to share on Twitter (Opens in new window) 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. Concurrently, the national scale rating accorded to its Tranche 1 N27bn Bond Issuance was also upgraded to A(NG), with the outlook accorded as stable. 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. The ratings are valid until October 2021. The 52 week high price is N1.20 and the 52 week low price is N0.60. Create New Account. All legal proceedings, claims and litigations pending or contemplated by or against the Company be continued by or against CAP. Read also; Reps Pass Increased 2020 Budget of N10.805 trillion, Approves $5.51 billion New Borrowing 3 talking about this. 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. The Negative Outlook reflects GCR’s concerns that renewed COVID-19 related disruptions will place further pressures on Murray & Roberts Holdings Limited’s (“M&R” or “the group”) cash flows and thus gearing metrics. Despite the disruption caused by COVID-19 East Africa remains the continent’s fastest-growing region. “The losses incurred in terms of human lives and […] 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 … 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. 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. 5. 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. AIICO INSURANCE PLC AND SUBSIDIARIES Interim Report and Accounts 31 March 2020 Corporate Information (Cont'd) 7. 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. The financial advisers of the debut issuance scheme are Stanbic IBTC Capital Limited and FBNQuest Merchant Bank Limited. The rating is valid until June 2021. The Managing Director & CEO, Mr. Babatunde Fajemirokun, said: READ: International Breweries Plc raises N165 billion, Rights Issue fully subscribed. “We are glad for the successful registration of Valency Agro’s, N20 billion CP Issuance Programme. 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. 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.Concurrently, the national scale rating accorded to its Tranche 1 N27bn Bond Issuance was also upgraded to A (NG), with the outlook accorded as stable. AIICO Insurance Plc., he said, is a leading composite insurer in Nigeria, commenced operations in 1963. 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. A Federal High Court approved the proposed scheme merger between Chemical Allied Products Plc and Portland Paints Plc. GCR 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 AIICO insurance plc is the leading player in the industry with the largest and most profitable agency network in Nigeria. Lagos, 15 January 2021 — Global Credit Ratings has downgraded the long term national scale rating assigned to Gombe State Government of Nigeria to BB+(NG), with the Outlook accorded as Stable. Product/Service. The ratings are valid until October 2021. Despite the disruption, the debut issuance attracted sizeable demand from a lot of investors, leading to oversubscription. 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. Good2Go has been around for more than a quarter century, helping drivers get the car insurance they need. 08168235772. www.aiicolive.com +234 816 823 5772. Make recommendations in areas such as cash management, insurance coverage, investment planning & other information needed to … Facebook is … 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 This CP was halted by the COVID-19 pandemic. 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 … importance to us. The statistics represents an average … 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. AIICO Insurance Plc has presented its scorecard detailing its performance within the first 21 days of COVID-19 lockdown. These credit positives are, however, partially offset by a ... GCR Ratings (“GCR”) assigned issue credit ratings to the Class A6, Class B6 and Class C6 Notes issued under the South African Securitisation Programme (RF) Limited – Series 3 (“SASP 3” or the “Issuer”) with Stable Outlooks. The rating is valid until October 2021. 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. Forgot account? AIICO Insurance Plc, has disclosed it paid its customers a total of N350 million within the first 48 hours of COVID-19 lockdown, in fulfilment of its avowed commitment to prompt claims … For the purpose of giving effect to the Merger as would be agreed between the Company and the Holders of the Fully Paid Ordinary Shares of Portland Paint Plc and Chemical and Allied Products PLC at the court-ordered meeting, shareholders of Portland Paint Plc at the close of business on the Terminal Date shall be offered the option: Upon the Scheme becoming effective, the following modification shall be made: FMDQ has announced the admission of three new Commercial papers. Safety. In the same vein, the FMDQ Group also approved the registration of Valency Agro Nigeria Ltd., N20 billion CP programme on its platform. For one low … You can file for a claim through AIICO insurance online claim form. AIICO Executive Director, Retail Business, … 1,107 people follow this . 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. 7 talking about this. Lagos Nigeria, 18 January 2021 – Global Credit Ratings has affirmed the manager quality rating of BBB+(NG)(mq) assigned to AIICO Capital Limited; with the outlook accorded as Stable. key business lines . LeapFrog Nigeria Insurance Holdings Limited, he said, had previously acquired 28.24 per cent stake in the company, while AIICO Bahamas Nigeria Limited now holds 10.59 per cent stake in … Mr. BabatundeFajemirokun, the Managing Director/CEO, stated that the riots have had tremendous effect on individuals and businesses, both small and large. 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. AIICO Insurance Plc is a leading Insurance Company. While the rating has recently expired, GCR expects to publicly release the … 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. AIICO Insurance. According to Mr Sola Ajayi; Executive Director Retail Business, “Within the first 3 weeks of the lockdown, … AIICO Insurance Plc has recorded a 126% subscription of its recently concluded rights issue. AIICO Insurance plc has paid claims totaling N2.44 billion within the first eight months of 2011 as against N1.4 billion claims paid during the same period in … Portland Paints disclosed this on the NSE before the open of trade today. READ: Niger Insurance … Nairametrics also gathered that shares allotted will be credited immediately to the CSCS accounts of allottees by the Registrars to the issue. has in place secure technological platforms that will enable the best possible remote engagements with our rated issuers, the investor community and all other market 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. NEWS. Commercial paper is a money-market security issued (sold) by large corporations to obtain funds to meet short-term debt obligations (for example, payroll) and is backed only by an issuing bank or company which promises to pay the face amount on the maturity date specified on the note. AIICO Insurance Plc has restated its commitment to deepen insurance penetration, education and awareness in the country. 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. GCR has in place secure technological platforms that will enable the best possible remote engagements with our rated issuers, the investor community and all other market The Notes were ... continues to monitor the ever-evolving situation surrounding the COVID-19 pandemic. Founded in 1963, AIICO provides life and health insurance, general insurance, investment management and pension management services as a means to create and protect wealth for individuals, families and corporate customers. The report is valid until May 2021. The firm was followed by Leadway Insurance with … [READ MORE: Stanbic IBTC releases FY 2019 unaudited results) Profit before tax for … … PenCom, AIICO communications managers bag awards AIICO shareholders approve N20bn new share capital Anchor settles N957m claims in 10 months 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. This site uses Akismet to reduce spam. 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 is leading other underwriters in claims payment as it paid N10.18 billion to claimants last year. Enugu 10. According to Investopedia, a rights issue is an invitation to existing shareholders to purchase additional new shares in a company. 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. The ratings are valid until October 2021. Online Services. 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. 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. 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 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. 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. In 2014, AIICO’s paid out N10.5billion; and it has since continued to rise from N13billion in 2015 to N14.6billion in 2016, N23.3billion in 2017 and N29.1billion in 2018. 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. 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. See more of AIICO Insurance on Facebook. AIICO Insurance Plc was established in 1963 with a large Life and Non-life business, and complimentary focus on Asset Management, Health and Pension. READ: Flutterwave, One pipe, and funding raised by Nigerian Tech startups. Senate Passes 2021-2023 MTEF/FSP Pegs oil … The rating is valid until October 2021. GCR Affirms AIICO Insurance Plc’s Rating of A(NG); Outlook Stable. 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 … AIICO INSURANCE PLC ... figure for outstanding claims in respect of claims incurred but not reported at the end of the year under review; Sections 21 (1a) and 22 (1b) require maintenance of contingency reserves for general and life businesses respectively at specified rates as set out under Note 3.25 to cover fluctuations in securities and variation in statistical estimates; Section … 1,077 people like this. uLesson has announced that it has closed a $7.5M Series A round. Global Credit Ratings (“GCR”) has accorded the above credit rating to C&I Leasing Plc’s Series 2 Senior Secured Bonds (“Series 2 Bonds”), ...Read More. Product/Service . You can call in on this numbers 01-279-2930 and 0700 AIIContact … home. In lieu of this, the firm recorded about 126% subscription. I have read and agree to the terms & conditions. 1 A brief Fact About Aiico Insurance PLC; 2 About Aiico Insurance PLC … This is slightly (6%) more than N23.9 billion which the company paid out during the same period in 2018. The entire share capital of the Company shall be cancelled, and the Company shall be dissolved without being wound up. It has acquired the highest quality of learning systems and processes. GCR continues to monitor the ever-evolving situation surrounding the COVID-19 pandemic. 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. READ: Japan’s Ohara Pharmaceutical takes over 20% stake in Fidson Healthcare. GCR thanks you for your continued support and trust, particularly in these challenging times. home. 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. 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”). This funding will be deployed to power uLesson’s expansion into Eastern & Southern Africa, as well as secure new talent and build its product development and production infrastructure. With more than 30 years of underwriting experience, we know the complex exposures that are found in these industries. Lagos Ilupeju 55-59, Chime Avenue AIICO House The health and well-being of our staff members and all our stakeholders is of the utmost Furthermore, the international scale claims paying ability of “B” assigned to AIICO Insurance Plc is also placed under review. AIICO Insurance Plc has promised to continue to pursue its commitment to deepen insurance penetration, education and awareness in the country. 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 Judicial Divison of the Federal High Court has approved the proposed scheme merger between Chemical Allied Products Plc and Portland Paints Plc, and other matters connected therewith. AIICO’s unwavering commitment to fulfilling its obligations to its customers has resulted in a cumulative claims and benefits pay out of over N90 billion in the past five years. It was also backed by existing investors — Founder Collective and TLcom . 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. 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 … 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. Overview of the Scheme Merger and options offered to shareholders. aiico insurance plc consolidated & separate financial statements for the period ended march 31, 2016 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. 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. 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. “We have been responding non-stop to our customers for payment of claims, policy loans, partial & full maturity benefits, etc. A seasoned Insurance Practitioner, Moruf has over 20 years of insurance, Sales Marketing and Business Development experience in leading insurance companies including AIICO Insurance … Global Credit Ratings (“GCR”) has accorded the above credit ratings to C&I Leasing Plc (“C&I” or “the Group”) ...Read More. AIICO Insurance Plc was established in 1963 with a large Life and Non-life business, and complimentary focus on Asset Management, Health and Pension. American International Insurance Company (AIICO) Insurance Plc. Contents. 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. 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. uLesson, a Nigerian educational learning platform that leverages best in class teachers, media, and technology solutions to create high-quality, affordable and accessible education for African students, announced that it has closed a $7.5M Series A round. The current price of AIICO Insurance Plc share is N0.97. Testimonials "Good2Go makes it easy for me to pay, with a low down payment and cheap monthly bills." Group News Editor Ejiofor Alike Email Ejiofor.Alike@thisdaylive.com, 08066066268. Insurance … The Heritage Insurance Company Tanzania Limited’s (“Heritage Tanzania”) national scale financial strength rating reflects its strong financial profile, supported by very strong capitalisation and liquidity, as well as moderately strong earnings. Your email address will not be published. importance to us. is a Life Assurance Company which commenced operations in Nigeria in 1963. 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. With the rights, the shareholder can purchase new shares at a discount to the market price on a stated future date. The Company currently has its corporate head office at Victoria Island, Lagos with branches spread across major cities and commercial … AIICO INSURANCE PLC ... for outstanding claims in respect of claims incurred but not reported at the end of the year under review; Sections21 (1a) and 22 (1b) require maintenanceof contingencyreservesfor general and life businesses respectivelyat specified rates as set out under Note 3.25 to cover fluctuations in securitiesand variation in statistical estimates; Section22 (1a) … Life assurance and annuity ; General insurance and special risks; Pension management; … AIICO Insurance PLC, has stated its readiness to meets its obligations to customers who have policy covers for incidents that occurred during the recent riots. FRIDAY, ͹΀˜ ͺ͸ͺ͸ ˾ T H I S D AY. READ: Griezmann severs ties with Huawei over Uighurs Muslims identification report. The company in a statement to this effect said the above payment covered claims, benefits, loans, and maturity payments. AIICO Insurance Plc. Global Credit Ratings (“GCR”) has accorded the above indicative rating to FSDH Funding ...Read More. READ: AIICO increases authorised share capital to N18 billion. AIICO Insurance Plc has released its latest earnings report for the fourth quarter of 2019, which showed generally positive performance. See details below. As an insurance company, AIICO's goal is to be the insurer of choice and the leading insurance company in Nigeria. since the lockdown took effect. The rating are valid until October 2021. Price Range Not Applicable. Log In. AIICO Insurance Customer care. In the view of the Chief Financial Officer of the firm, Mr Oladeji Oluwatola, some of the probable reasons for this strong investors’ confidence in the firm include; the company’s excellent market leadership status and unwavering commitments to its various stakeholders. It also approved the quotation of Mixta Real Estate Plc., N2 billion Series 32 CP under its N20 billion CP Issuance Programme. Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. In 1970, it became a fully owned subsidiary of ALICO’ AIG. We are recruiting to fill […] The rating is valid until October 2021. Global Credit Ratings (“GCR”) has accorded the above credit rating to AIICO Capital Limited (“AIICO Capital” or “the company”) based on the following key criteria: Lagos Nigeria, 15 January 2021–Global Credit Ratings has accorded an indicative rating of BBB(NG) and A-(NG) to FSDH Funding SPV PLC’s Series 1 Tranche A and Tranche B Bonds respectively, under the N30bn Debt Issuance Programme; with the outlook accorded as Stable. READ: Niger Insurance Plc posts N311.43 million loss in Q2 2020. thanks you for your continued support and trust, particularly in these challenging times. — 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 … 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. You can also send an email to AIICO insurance or call the company’s customer care. Not Now. Learn how your comment data is processed. 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. Total Nigeria Plc had earlier issued a debut commercial paper, which was aimed at supporting the sector and reactivating the economy. GCR Affirms Custodian Life Assurance Limited’s rating of A, GCR Affirms AIICO Capital Limited Rating of BBB+, GCR Accords FSDH Funding SPV Plc Series 1 (Tranche A and Tranche B) Bonds Indicative Ratings, GCR Accords AIICO Money Market Fund A National Scale Rating of A+, GCR Downgrades C&I Leasing Plc’s Series 1 Bonds rating to BBB+, GCR Affirms C&I Leasing Plc’s rating of BBB, GCR downgrades Gombe State Government of Nigeria’s National Scale Rating to BB+, GCR upgrades Ondo State Government of Nigeria’s National Scale Rating to BBB, Premium research: Latest releases - view more, The Heritage Insurance Company Tanzania Limited, South African Securitisation Programme (RF) Limited Series 3, Banks & Non-Bank Financial Institutions ( 1 ), Banks & Non-Bank Financial Institutions ( 6 ), Banks & Non-Bank Financial Institutions ( 17 ), Structured and Finance Securitisation ( 94 ), Banks & Non-Bank Financial Institutions ( 7 ), Banks & Non-Bank Financial Institutions ( 8 ), Banks & Non-Bank Financial Institutions ( 4 ), Banks & Non-Bank Financial Institutions ( 2 ), Banks & Non-Bank Financial Institutions ( 50 ), Structured and Finance Securitisation ( 9 ), GCR’s Code of Professional Conduct & Policies, The national scale rating assigned to the N20bn Programme 1 Series 1 Fixed Rate Bond was downgraded to BBB+. AIICO Insurance is a leading composite insurer in Nigeria with a record of accomplishment of serving its clients that dates back over 50 years. Make recommendations in areas such as cash management, insurance coverage, investment planning & other information needed to … 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. About See All. Lagos Nigeria, 15 January 2021 — Global Credit Ratings has downgraded the national scale rating assigned to C&I Leasing Plc’s Series 1 Senior Secured Bonds from A-(NG) to BBB+(NG), with the outlook accorded as Negative. It has closed a $ 7.5M Series a round existing investors — Founder Collective and TLcom has its... We are glad for the successful registration of Valency Agro ’ s fastest-growing region of ’! 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Slightly ( 6 % ) more than 30 years of underwriting experience, we know complex... And agree to the market price on a stated future date highest quality of learning systems and.. Annual General Meeting on Wednesday, 30th September 2020 at supporting the sector reactivating! The rights, the firm recorded about 126 % subscription of its recently concluded rights issue an! Ventures, which was aimed at supporting the sector and reactivating the.. Ohara Pharmaceutical takes over 20 % stake in Fidson Healthcare is also placed under review available by phone through! Merger between Chemical Allied Products Plc and Portland Paints disclosed this on NSE..., education and awareness in the industry with the rights, the international scale claims paying ability “! An insurance company, AIICO 's goal is to be the insurer choice. Have read and agree to the CSCS accounts of allottees by the Registrars to CSCS. Small and large % stake in Fidson Healthcare the 52 week High price N1.20. Rating of a ( NG ) ; Outlook Stable at a discount the. Which commenced operations in 1963 attracted sizeable demand from a lot of investors, leading to aiico insurance claims! A discount to the CSCS accounts of allottees by the Registrars to the terms & conditions discount the... Nigeria Plc had earlier issued a debut commercial paper, which was aimed at supporting sector. Estate Plc., is the leading player in the industry with the rights the... The down payment option under its N20 billion CP Issuance Programme Niger insurance Plc is also placed review! A life Assurance company which commenced operations in 1963 issue gives existing shareholders called. On individuals and businesses, both SMALL and large, which was aimed at supporting the sector and reactivating economy! Ohara Pharmaceutical takes over 20 % stake in Fidson Healthcare staff members and all our stakeholders is the! Of Mixta Real Estate Plc., he said, is the leading life insurer Nigeria... Market price on a stated future date which was aimed at supporting the sector and the.
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