Commissioner for Insurance and Chief Executive Officer, National Insurance Comission (NAICOM), Mr. Olusegun Ayo Omosehin, has warned insurance operators that the July 31 recapitalisation deadline is regulatory and not symbolic, urging companies yet to meet the new minimum capital requirements to act with urgency. Speaking on Friday at the investiture of Mr. Akinjide Oluwarotimi-Orimolade as the 53rd President and Chairman of Council of the Chartered Insurance Institute of Nigeria (CIIN) in Lagos, Omosehin said the recapitalisation exercise remained a critical pillar of the Commission’s ongoing reforms aimed at building a…
Read MoreRecapitalisation: NAICOM Warns Insurers Against Missing July 31 Deadline
