The government in Nigeria recently released the names of 49 insurance companies that met the requirements for recapitalisation. The companies are listed below.
-ADIC Insurance Company Ltd.
-African Alliance Insurance Company Ltd.
-AIICO Insurance Plc.
-Alliance General InsurancePlc.
-Anchor Insurance Company Ltd.
-Capital Express Insurance Company Ltd.
-Consolidated Hallmark Plc.
-Continental Reinsurance Company Plc.
-Cornerstone Insurance Plc.
-Crusader Insurance Plc.
-Custodian and Allied Insurance Plc.
-Equity Indemnity Insurance Plc.
-Equity Life Insurance Company Ltd.
-Goldlink Insurance Plc.
-Great Nigeria Insurance Plc.
-Guaranty Trust Assurance Plc.
-Guardian Express Assurance Company Limited
-Guinea Insurance Plc.
-Heirs Life Assurance Company Ltd.
-Industrial & General Insurance Company Ltd.
-Insurance PHB Ltd.
-Intercontinental Wapic Insurance Plc.
-International Energy Insurance Company Ltd.
-Investment and Allied Insurance Company Ltd.
-Kapital Insurance Company Ltd.
-Leadway Assurance Company Ltd.
-LASACO Assurance Plc.
-Law Union and Rock Insurance Plc.
-Linkage Assurance Plc.
-Mutual Benefit Assurance Plc.
-NEM Insurance Plc.
-Nigeria Agricultural Insurance Corporation (NAIC)
-Niger Insurance Plc.
-Oasis Insurance Plc.
-Oceanic Insurance Company Ltd.
-Prestige Assurance Plc.
-Regency Alliance Insurance Plc.
-Royal Exchange Assurance Plc.
-STACO Assurance Plc.
-Standard Alliance Insurance Plc.
-Standard Life Assurance Plc.
-Sovereign Trust Assurance Plc.
-Sterling Assurance Nigeria Limited
-UNIC Insurance Plc.
-Union Assurance Company Plc.
-United Trust Insurance Company Ltd.
-Universal Insurance Company Ltd.
-Yankari Insurance Company Ltd.
-Zenith Insurance Company Ltd. / -Composite Insurance
-Life Insurance
-Composite Insurance
-General Insurance
-General Insurance
-Life Insurance
-General Insurance
-Reinsurance
-Composite Insurance
-Composite Insurance
-General Insurance
-General Insurance
-Life Insurance
-Composite Insurance
-Composite Insurance
-Composite Insurance
-Life Insurance
-General Insurance
-Life Insurance
-General Insurance
-General Insurance
-Composite Insurance
-General Insurance
-General Insurance
-General Insurance
-Composite Insurance
-Composite Insurance
-General Insurance
-General Insurance
-Composite Insurance
-General Insurance
-General Insurance
-Composite Insurance
-General Insurance
-Composite Insurance
-General Insurance
-General Insurance
-Composite Insurance
-General Insurance
-Composite Insurance
-Life Insurance
-General Insurance
-General Insurance
-Life Insurance
-Composite Insurance
-General Insurance
-General Insurance
-General Insurance
-Composite Insurance
The new capital requirements are as follows:
General Insurance Companies: N 3, 000,000,000- ($24,000,000)
Life Insurance Companies : N 2, 000,000,000- ($16,000,000)
Reinsurance Companies : N10, 000,000,000 -($80,000,000)