Business
NCRIB Delists Unregistered Firms
The Nigerian Council
of Registered Insurance Brokers (NCRIB) has announced that unregistered insurance broking firms have been delisted from its records.
Speaking to newsmen in Lagos on Monday president of NCRIB’ Mr. Kayode Okunorem, said only 21 out of the 87 insurance companies delisted were members of the NCRIB.
Kayode said the delisting was done by the National Insurance Commission (NAICOM) for non compliance with relevant provisions guiding operations of the insurance broking firms, stressing that NAICOM has delisted 108 brokerage firms as recently advertised from its record.
The council’s president said the council did all its best to protect its members through all frantic efforts to ensure that the affected brokers forms were protected, adding that members of the council were not happy that any operator in the market should flout regulatory requirements as stipulated in the law guiding the operations of the firms.
He said the council will never treat the issues of compliance with levity, stressing that the regulatory environment of today requires more discipline than hitherto.
Kayode also appealed to NAICOM to always ensure sustenance of effective communication channel with the NCRIB to notify its members in good time on any aspect of compliance.
The NCRIB president said that the council was poised to give a new direction to members of the council through effective communication as articulated in a nine-point agenda presented during the council investiture last year.
Kayode pledged the determination of the council to take the broking profession to a lofty heights in order to sustain the council’s renewed promise of open door policy to all registered members.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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