NAICOM warns insurers ahead of July 31 recapitalisation deadline

By Rosemary Iwunze The National Insurance Commission (NAICOM) has warned insurance operators that the July 31 recapitalisation deadline is mandatory, urging companies yet to meet the new minimum capital requirements to act with urgency. The Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr. Olusegun Ayo Omosehin, gave the warning on Friday at the…