Insurance firms need to recapitalise— Adeosun:
years after the last recapitalisation exercise in the nation’s insurance industry, the Minister of Finance, Mrs. Kemi Adeosun, yesterday said that the sector was due for another round of recapitalisation following the need to reposition it. Adeosun said this at the opening ceremony of the National Insurance Conference organised by the sector’s Insurance Industry Consultative Council (IICC) with the theme ‘Expanding National Resources and Infrastructure in Challenging Times’ held in Abuja.
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