Recapitalisation: Companies with outstanding claims will not be relicensed — NAICOM

By Rosemary Iwunze As the insurance recapitalisation deadline of July 31st 2026 draws near, the National Insurance Commission, NAICOM, has stated that it will not re-license any company with outstanding claims.  In a letter to all Managing Director/CEOs of insurance companies, issued yesterday, titled: “Regulatory Directive – Settlement of Discharged Claims as A Precondition for Re-Licensing […] The post Recapitalisation: Companies with outstanding claims will not be relicensed — NAICOM appea...

By Urowayino Jeremiah