As the nation’s insurance industry anticipate commencement of recapitalisation exercise this year, Coronation Insurance Plc is set to delist from the capital market as its board of directors has agreed to pay off the company’s minority shareholders.
The National Insurance Commission (NAICOM) is already mooting the idea of risk-based capital following successful implementation of Risk-based Supervision(RBS) that precedes the recapitalisation exercise.
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