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Consolidated Hallmark Pays N5.3bn claims in Four Months

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BY NKECHI NAECHE-ESEZOBOR—Consolidated Hallmark Insurance Limited has paid over N5.3 billion in gross claims so far in 2026, reaffirming its unwavering commitment to prompt claims settlement and exceptional customer service delivery.

The claims paid across various business portfolios represent 37.8% of the total N14 billion claims settled during the full 2025 financial year, reflecting the company’s strong financial capacity and deliberate customer-centric approach to insurance operations.

The claims cut across several product lines including Motor Insurance, Fire Insurance, General Accident, Marine Insurance, Aviation, Oil & Gas, Engineering, Bond and Agric Insurance, further demonstrating the company’s extensive underwriting expertise and strategic role in supporting businesses and individuals across critical sectors of the Nigerian economy.

In addition, the company recorded reinsurance recoveries of N2.9 billion in 2026, compared to N6.8 billion achieved in the 2025 financial year, representing 41.4% of the previous year’s figures.

Speaking on the claims performance, the Managing Director/Chief Executive Officer, Mary Adeyanju, said the company remains committed to fulfilling its promise to customers by ensuring that every genuine and confirmed claim is settled promptly and professionally.

“We understands that the true value of insurance is revealed at the point of claims settlement. This is why we have continued to strengthen our claims management process to ensure that our customers receive timely support when it matters most.

“Our commitment is simple and unwavering; every genuine and confirmed claim will be paid promptly, transparently and professionally. We see our customers as partners, and we remain dedicated to protecting their businesses, investments and future with integrity and excellence.”

She further noted that the company’s consistent investment in people, technology and operational processes has significantly enhanced service efficiency and customer experience.

“As the risk landscape evolves, we are continuously innovating and improving our systems to serve our customers better. Our focus is not only to provide insurance coverage, but also to deliver confidence, stability and peace of mind to every policyholder,” she added.

 Leveraging the capabilities and unique strengths within the group,the company continues to provide premium risk management solutions tailored to meet the needs of corporate organisations, SMEs and individuals.

The company’s impressive claims settlement record remains a testament to its financial strength, technical expertise and reliability as a trusted insurance partner in Nigeria. Customers seeking dependable insurance solutions are encouraged to explore the company’s wide range of products designed to protect lives, assets, businesses and investments against unforeseen risks.

Meanwhile, the Group Chief Executive Officer of Consolidated Hallmark Holdings Plc, Eddie Efekoha, has confirmed that the Group will declare a final dividend of 15 kobo per share at its Annual General Meeting scheduled for May 21, 2026. Combined with the 10 kobo interim dividend paid in 2025, this brings the total dividend for the period to 25 kobo per share, further reflecting the Group’s commitment to delivering value to shareholders.

 

About Us:
Consolidated Hallmark Insurance is one of the leading General Business and Special Risk Insurance underwriters in Nigeria. Over the years, the company has played a leadership role in the underwriting of key transactions in Aviation, Oil & Gas, Marine Cargo and Hull Business as well as in Motor insurance business. We have built a reputation on Professionalism, Integrity and Excellent Service Delivery. Leveraging on the capabilities and unique skills of the entire group, we provide premium risk management solutions to our clients. Our commitment to serving you better has seen us make key investments in our People, Technology and Processes.

The post Consolidated Hallmark Pays N5.3bn claims in Four Months appeared first on Business Today NG.

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Business

How Your Side Hustle Income Ends Up in Your RSA

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BY NKECHI NAECHE-ESEZOBOR—The income you save through the various side hustles can be contributed into your Retirement Savings Account (RSA).

For workers in the formal sector—such as those in federal government agencies, teachers, parastatals, university lecturers, staffs etc.—this can be contributed as an additional fund via voluntary contributions.

While, for those in the informal sector—such as market women, barbers, traders, students, petty traders, shop owners, etc.—their contributions will go into their Personal Pension Plan account.

All of these must go through Pension Fund Administrators (PFAs) approved by the National Pension Commission, (PenCom).

The post How Your Side Hustle Income Ends Up in Your RSA appeared first on Business Today NG.

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Keyamo approves design for Lagos airport monorail

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Minister of Aviation and Aerospace Development Festus Keyamo has approved the design of a proposed monorail to link Ikeja Railway Station in Lagos to Murtala Muhammed International Airport (MMIA) in the state.

The project is expected to connect the airport to the Lagos Red Line rail network, providing passengers and other airport users with an alternative to road transport.

Mr Keyamo announced the approval on Tuesday after a meeting with the managing director of the Federal Airports Authority of Nigeria (FAAN), the permanent secretary of the Federal Ministry of Aviation and engineering teams from the ministry and FAAN.

In a post on X, the minister said the proposed line will have five stations, running from Ikeja Railway Station to the international airport’s Terminal 1, which is currently undergoing reconstruction.

He listed the proposed stations/stops as Ikeja Station, Domestic Airport Station, Beesam Station, Toll Gate Station and MMIA Airport Station.

“The monorail is an integral part of the reconstruction of the nation’s major gateway at the MMIA in Lagos,” Mr Keyamo said.

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The design approval follows earlier announcements by the Federal Government about plans to extend rail services from Ikeja to the airport’s domestic and international terminals.

In June, PREMIUM TIMES reported that the government was working with the Lagos State Government to extend the existing rail network to the airport and to expand connectivity.

Recently, Olubunmi Onabanjo-KukuFAAN’she managing directAN, said talks on financing the planned airport rail lint had reached an advanced stage.

Speaking at the World Aviation Festival in Lisbon, Portugal, on 18 October, Ms Onabanjo-Kuku stated that efforts were ongoing to finalise the project’s financing structure.

The planned link is expected to connect the airport’s three terminals to the Red Line as part of its wider modernisation programme.

The proposed rail connection forms part of broader efforts to upgrade facilities at the Lagos airport and improve passenger movement.

Terminal 1 of the international airport is undergoing reconstruction, while other infrastructure upgrades are intended to boost airport operations and the passenger experience.

The airport serves as a major gateway for international travel to and from Nigeria, making access to its terminals crucial for passengers and other users.


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