National Insurance Corporation splits into three entities

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To comply with the directives of the Insurance Regulatory Authority of Uganda (IRA), National Insurance Corporation (NIC) reorganizes itself.

The company is divided into three entities, a holding company (NIC Holdings), which includes both a life company (NIC Life) and a non life company (NIC General).

As a reminder, NIC is owned at 64.9% by the Industrial and General Insurance (IGI) of Nigeria. The remaining stakes are placed on the stock exchange.

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Mon, 27/04/2015 - 17:29
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