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Niger Insurance looks to provide terrorism cover in Nigeria

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Niger Insurance P.L.C. is working with foreign reinsurers to provide terrorism insurance products in Nigeria, ThisDay Live reported.

Kola Adedeji, managing director of the insurer, said some foreign reinsurers approached his firm with a proposal for insuring terrorism-related risks. Two years ago, some foreign companies started including terrorism or kidnapping in their portfolio, but local firms were not prepared for it, Mr. Adedeji said.

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