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Article: Nigeria: Nigerian insurers lead top oil insurance accounts with N24.6bn.
- Article from:
- TendersInfo
- Article date:
- November 3, 2009
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Byline: manish03
Nigerian insurance companies have upped the ante of their participation in oil and energy insurance business in Africa with the country s underwriters leading the top five oil accounts on the continent with a whopping N24.6billion.
Analysis of the top five oil insurance accounts in the continent showed that Lasaco Assurance Plc is leading the USAN oil fields with a premium income of $82,922,706.67 (N12.4billion); Leadway Assurance is holding the ace with the Nigerian National Petroleum Corporation (NNPC) with $48,598,716.47 (N7.2billion) and OML 58 insurance account of $3,138,012.71 (N470.7million) along with foreign underwriter, HSBC; ...