Nigeria: Several insurers yet to implement IFRS 17

Published on February 12, 2024
Several insurance companies have failed to meet the 31 December 2023 deadline set by the National Insurance Commission (NAICOM) for the full implementation of IFRS 17.
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Egypt: Microinsurance rakes in premiums of US$12m yearly

February 12, 2024
The insurance sector in Egypt rakes in microinsurance premiums of around EGP377m ($12.2m) annually, according to Mr Alaa El-Zoheiry, president of the Insurance Federation of Egypt (IFE).

CFC forms specialist team focusing on tax-related risks in M&A transactions

February 12, 2024
Specialist insurance provider CFC, has announced the creation of a dedicated team to focus on underwriting tax risk in M&A transactions, to be led by Alejandra Hernandez Irizarry in London and Courtney Alonzo based in New York.The risks covered include renewable energy tax credits, tax treaty risks, stamp duty risks, restructuring and reorganisation risks, EU Parent-Subsidiary Directive risks, tax