Industry
Insurance
Regulatory, corporate, coverage and claims advice for insurers, reinsurers, brokers and policyholders.
Overview
Insurance in Nigeria is regulated by the National Insurance Commission and was reformed by the Nigerian Insurance Industry Reform Act 2025. We advise insurers, intermediaries and policyholders on regulation and claims.
We advise on licensing and capital requirements, mergers and acquisitions of insurers, compulsory insurances, takaful, product approval, and corporate governance and reporting obligations to NAICOM.
We advise on policy wording and coverage, and represent insurers and policyholders in claims disputes, subrogation and recovery actions, in arbitration and the courts.
What we do
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Regulation of Insurers and Professionals
Expert advice on compliance with the regulations governing insurers and insurance professionals to ensure adherence to industry standards and legal requirements.
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Regulation of Investments
Guidance on the regulatory aspects of insurance company investments, ensuring compliance with legal frameworks and maximizing returns.
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Licensing
Assistance with the licensing process for insurance companies, brokers, and other industry professionals to facilitate smooth and compliant operations.
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Investments and Exits
Legal support for insurance companies in making strategic investments and executing exits, ensuring optimal outcomes and regulatory compliance.
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Capital Raises
Advisory services on capital raising activities, including the structuring and execution of capital raises to support business growth and stability.
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Tax
Comprehensive tax advice tailored to the unique needs of the insurance sector, ensuring compliance and optimizing tax positions.
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Claims
Assistance with the management and resolution of insurance claims, providing robust representation to protect clients' interests.
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Mergers and Acquisitions
Expert guidance on mergers and acquisitions within the insurance industry, from due diligence to closing, ensuring seamless and successful transactions.
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Risk Management
Comprehensive risk assessment and management strategies to help insurance companies mitigate potential legal and financial risks.
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Reinsurance
Legal support in structuring and negotiating reinsurance agreements to protect insurers from significant losses.
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Regulatory Compliance
Ongoing advisory services to ensure continuous compliance with evolving insurance regulations and standards.
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Corporate Governance
Advising insurers on corporate governance, board responsibilities and their reporting obligations to the National Insurance Commission.
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Policy Drafting and Review
Assistance in drafting, reviewing, and updating insurance policies to ensure clarity, compliance, and protection of client interests.
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Litigation and Arbitration
Representation in litigation and arbitration proceedings, defending clients' interests and achieving favorable outcomes in disputes.
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Executive Employment
Legal counsel on executive employment matters, including drafting and negotiating contracts, handling disputes, and ensuring compliance with employment laws.
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Takaful and Islamic Insurance
Specialized advice on Takaful and Islamic insurance, ensuring compliance with Sharia principles and facilitating the growth of Islamic financial products.