Nigeria: IGI Split NIC Into Three Firms

Industrial and General Insurance Plc (IGI) has split its Ugandan subsidiary, the National Insurance Corporation (NIC), into three firms as directed by the Insurance Regulatory Authority in the country.

The three companies are NIC Holdings Limited (formerly National Insurance Corporation Limited - an insurance group comprising both life and non-life insurance companies), NIC General (Non-Life Insurance) and NIC Life (Life Assurance business).

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