Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Nigerian insurers retain only 25%-40% of oil and gas business: A.M. Best

January 18, 2016 Reprints

A report by A.M. Best Co. Inc. has said that Nigerian insurers retain only 25%-40% of the nation's oil and gas related business, reported The Nation Newspaper.

The rating agency said that 60%-75% of high-value risks go into the international markets.

"Nigerian insurers lack the adequate levels of capital to support their exposures to these high-value risks," said the report, adding that "this uncertainty is enhanced by the absence of expertise and technical know-how to support the underwriting of oil and gas business."

Help

Nigerian insurers retain only 25%-40% of oil and gas business: A.M. Best

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources