Lagos Nigeria, 15 January 2021 — Global Credit Ratings has affirmed the national scale ratings assigned to C&I Leasing Plc of BBB(NG) and A3(NG) in the long term and short term respectively, with the outlook accorded as Negative. home. 08168235772. www.aiicolive.com +234 816 823 5772. The entire share capital of the Company shall be cancelled, and the Company shall be dissolved without being wound up. Learn how your comment data is processed. AIICO Insurance Plc has promised to continue to pursue its commitment to deepen insurance penetration, education and awareness in the country. 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. Students can access the lessons via streaming and SD cards, where they can download and store the content, allowing them to study remotely, removing challenges around internet access limitations and costs. key business lines . 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. Claims Required Documentation: ... As an insurance company, AIICO's goal is to be the insurer of choice and the leading insurance company in Nigeria, providing life insurance and retirement services as well as risk underwriting to a substantial and diversified client base. Read also; Reps Pass Increased 2020 Budget of N10.805 trillion, Approves $5.51 billion New Borrowing As an insurance company, AIICO's goal is to be the insurer of choice and the leading insurance company in Nigeria. AMERISAFE IS A SPECIALTY PROVIDER OF WORKERS’ COMP INSURANCE FOCUSED ON SMALL TO MID-SIZED EMPLOYERS ENGAGED IN HAZARDOUS INDUSTRIES. Your email address will not be published. Group News Editor Ejiofor Alike Email Ejiofor.Alike@thisdaylive.com, 08066066268. The rating is valid until October 2021. Facebook is … “The losses incurred in terms of human lives and […] A seasoned Insurance Practitioner, Moruf has over 20 years of insurance, Sales Marketing and Business Development experience in leading insurance companies including AIICO Insurance … 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 … 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 rating is valid until October 2021. Mr. BabatundeFajemirokun, the Managing Director/CEO, stated that the riots have had tremendous effect on individuals and businesses, both small and large. 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. 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. - Joe D. from Philadelphia, PA "I love the down payment option. Product/Service . 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 Company currently has its corporate head office at Victoria Island, Lagos with branches spread across major cities and commercial … The rating is valid until October 2021. Online Services. 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 … AIICO insurance plc is the leading player in the industry with the largest and most profitable agency network in Nigeria. GCR 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. 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. 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 … 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. Senate Passes 2021-2023 MTEF/FSP Pegs oil … uLesson has announced that it has closed a $7.5M Series A round. Page Transparency See More. 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. Not Now. 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 … Total Nigeria Plc had earlier issued a debut commercial paper, which was aimed at supporting the sector and reactivating the economy. AIICO Executive Director, Retail Business, … The claims payment status released by the National Insurance Comission (NAICOM) stated that the firm made the largest claims amidst the 22 firms that have secured approval for their last year's accounts. This type of issue gives existing shareholders securities called Rights. We specialize in minimum coverage car insurance, but offer other plans too. See details below. 5. aiico insurance plc consolidated & separate financial statements for the period ended march 31, 2016 The report is valid until May 2021. thanks you for your continued support and trust, particularly in these challenging times. 7 talking about this. Price Range Not Applicable. 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. AIICO Insurance. AIICO Insurance Plc has recorded a 126% subscription of its recently concluded rights issue. Skyway Aviation Handling Company traded 24 million shares worth N63.74 million, while AIICO Insurance transacted 22.94 million shares worth N29.59 million. participants. Aba 8. participants. Forgot account? For one low … 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. It has acquired the highest quality of learning systems and processes. The current price of AIICO Insurance Plc share is N0.97. 1,077 people like this. READ: Niger Insurance … 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 It also approved the quotation of Mixta Real Estate Plc., N2 billion Series 32 CP under its N20 billion CP Issuance Programme. 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. 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. Furthermore, the international scale claims paying ability of “B” assigned to AIICO Insurance Plc is also placed under review. Make recommendations in areas such as cash management, insurance coverage, investment planning & other information needed to … 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. 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. 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. We are recruiting to fill […] AIICO Insurance Plc. Despite the disruption, the debut issuance attracted sizeable demand from a lot of investors, leading to oversubscription. 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. 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. You can also send an email to AIICO insurance or call the company’s customer care. AIICO Insurance Plc is a leading Insurance Company. Nairametrics had earlier reported the launch of AIICO’s N3.5 billion rights issue, part of which, 4,357,770,954 ordinary shares of Fifty Kobo (N0.50) each at Eighty Kobo (N0.80) per share, was offered on the basis of five (5) new ordinary shares for every thirteen (13) ordinary shares held. 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. 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. 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. 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. The statistics represents an average … [READ MORE: Stanbic IBTC releases FY 2019 unaudited results) Profit before tax for … See more of AIICO Insurance on Facebook. I contacted the insurance company they claim to be insured with, though the aiico insurance didn’t deny them been a client but they said the insurance they have with them is a fidelity guarantee cover which was gotten as part of sec requirement for their license and it’s not in anyway a guarantee for investors fund wen dealing with them. I have read and agree to the terms & conditions. Share this post with your friends: Click to share on Twitter (Opens in new window) 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. AIICO Insurance Plc has released its latest earnings report for the fourth quarter of 2019, which showed generally positive performance. 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. GCR Affirms AIICO Insurance Plc’s Rating of A(NG); Outlook Stable. 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. 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 customer care is available by phone Monday through Friday, from 8:00 am to 5:00 pm. The company in a statement to this effect said the above payment covered claims, benefits, loans, and maturity payments. Good2Go has been around for more than a quarter century, helping drivers get the car insurance they need. The health and well-being of our staff members and all our stakeholders is of the utmost 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. 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+.
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