Sovereign Trust Insurance Plc, one of the nation’s leading risk underwriting companies, has reported a Profit Before Tax (PBT) of N202 million in 2017, representing N158 million or 351% improved profit over the N44 million recorded in 2016. The corporate underwriter’s Profit After Tax (PAT), also stood at N157 million in the year under review, […]
The Managing Director, Leadway Assurance Company Limited, Mr. Oye Hassan-Odukale, has commended the National Insurance Commission (NAICOM) for its innovative reform initiatives in the nation’s insurance industry. The industry top player gave the commendation against the backdrop of the latest Tier-Based Minimum Solvency Requirement (TBMSR) measure introduced by the industry regulator. Hassan-Odukale projected that the […]