10/01/2020
Recapitalisation: Six insurance companies set to merge
In order to meet the new regulatory requirement set by the National Insurance Commission (NAICOM), six insurance companies have made known their plans to merge.
Director, Policy, and Regulation, NAICOM, Pius Agboola, disclosed that some other insurance companies were also looking for partners to merge with but only six companies have indicated an interest in mergers and acquisitions out of 44 companies reviewed by the commission.
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