Heirs Holding Chairman, Elumelu Proposes N30bn Recapitalization For Non-Life Insurance Firms

The Chairman of Heirs Holding, Mr Tony Elumelu on Monday called on the National Insurance Commission to raise the capital base for non-life insurance companies to N30bn while that of life insurance firms should be increased to N20bn.

He said this at the national insurance conference held in Abuja with the theme, “Redefining safety: Insurance solutions for public buildings and buildings under construction.”