Mutual Benefits Assurance Plc, a major player in the oil and gas business, is the lead underwriter for the risk of the corporation for the second year running after its initial contract was automatically renewed. The company had similarly undertaken the task last year and is required to put in place appropriate reinsurance treaty for the risk in the current period.
Monday, 20 April 2015
LOCAL UNDERWRITERS INSURE NNPC FOR N14.6BN
Local underwriting firms licensed to carry out non-life business have insured the Nigerian National Petroleum Corporation for a premium of N14.66bn ($73.7m) for the current financial year, investigation has revealed.
Mutual Benefits Assurance Plc, a major player in the oil and gas business, is the lead underwriter for the risk of the corporation for the second year running after its initial contract was automatically renewed. The company had similarly undertaken the task last year and is required to put in place appropriate reinsurance treaty for the risk in the current period.
Mutual Benefits Assurance Plc, a major player in the oil and gas business, is the lead underwriter for the risk of the corporation for the second year running after its initial contract was automatically renewed. The company had similarly undertaken the task last year and is required to put in place appropriate reinsurance treaty for the risk in the current period.
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