NAICOM cancels Universal Insurance licence over capital shortfall

Key Points Main Story The National Insurance Commission (NAICOM) has withdrawn the operating licence of Universal Insurance Plc after the company failed to meet the minimum capital requirement applicable to its licence category. The commission said the cancellation took effect on Aug. 14, following a notice issued to the company’s board on Aug. 13. NAICOM … Continue reading NAICOM cancels Universal Insurance licence over capital shortfall