Recapitalisation: NIA backs NAICOM as 7 more insurance firms clear hurdle

By Emma Ujah & Rosemary Iwunze The National Insurance Commission (NAICOM) has announced seven more insurance companies that have scaled the recapitalization hurdle, following a 14-day period granted to eight insurance companies for final verification and regulatory review With this development, forty-eight (48) insurance companies and two (2) reinsurance companies have been confirmed and verified as compliant…