Magazine date:
Jan 2011 The management of Springlife Insurance is attempting to reassure its customers and shareholders. The recapitalization of the company will be achieved before the end of the year meeting, hence, the requirements of the supervisory authority (NAICOM). Springlife has announced that advanced talks are held with a number of investors and dismissed speculations about possible difficulties pertaining to the settlement of claims. The insurer reminded that the authorities had found the level of its assets sufficient enough to meet its obligations.