Nigerian Insurers divide widens as small firms play catch up

There is a widening gap between the big insurance firms also called the Big 5 and smaller ones in terms of assets base, underwriting performance and shareholders fund. Leadway Assurance Limited, Aiico Insurance Plc, Custodian and Allied Insurance Plc, AXA Mansard Insurance Plc, and Mutual Benefit Assurance Plc (Big 5), have a combined total asset…