Recapitalisation pressure mounts as 8 insurers chase N132bn

At least eight underwriting firms have set out to raise a combined N132.5billion capital to meet up with the mounting recapitalization deadline of July 31, Daily Trust reports. The insurers include Sovereign Trust Insurance, Linkage Assurance, Guinea Insurance, Veritas Kapital Insurance, SUNU Assurances, Lasaco Assurance Plc, Regency Alliance Insurance Plc and International Energy Insurance Plc. […]