Business
NAICOM Grants Insurance Brokers Re-Registration Waiver
The National Insuracne
ComMission (NAICOM) has granted waiver of re-registration to insurance brokers whose licences of operations expired without meeting the guidelines of the regulatory insurance body for registration.
In a statement on Monday in Lagos, by the Federal Commissioner for Insurance, Alhaji Mohamued Kyari said that the insurance brokers have the chance of re-registering in their old names.
Kyari said that the affected brokers would be expected to meet all the necessary NAICOM requirements needed for the new licences, stressing that the regulatory body wants the brokers to maintain their old names with a view to retaining their numerous customers.
The Insuracne regulatory boss added that the commission believes that once a broker licence elapses, it is assurmed to be dead and cannot be resuscitated except the commission grants waiver to such insurance brokers.
Kyari sai the commission had considered the various pleas of the Nigerian Council of Registered Insurance Brokers (NCRIB) in granting the lifeline to the brokers to use their old names in the re-registration of the firms.
He urged the NCRIB leadership to do the needful by educating their members on their responsibilities, stressing that the commission would no longer grant audience to the association to review its guidelines.
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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