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Managing director and CEO Edwin Igbiti, said, 'Having recently obtained approval as an agriculture underwriter, AIICO Insurance is uniquely positioned to offer agriculture insurance to Nigerian farmers at all levels, as well as investors looking to tap into the huge potentials of the sector, through its value-based insurance propositions.
As frontline players such as IGI, Leadway, Cornerstone, AIICO, Niger and others embarked on private placements, rights issues and IPOs to meet the new capital requirements, merger arrangements mushroomed.
The insurance index gained the most, up 1.4 percent on the back of price appreciation in Continental Re-insurance (+6.4%) and AIICO (+1.6%).
Other top gainers were Unity Bank, Regency Alliance Insurance, First Aluminum, Sterling Bank, Veritas Kapital Assurance, Neimeth and AIICO Insurance.
Eterna trailed with a loss of 15k to close at N6.20, while Johnholt and AIICO Insurance declined by 5K each to close at 48k and 78k per share, respectively.
GTBank sold 15.75 million shares valued at N576.77 million, while AIICO Insurance exchanged 14.31 million shares worth N14.16 million.
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