Q1 2021: Cornerstone Insurance grows profit 39% to N688m despite paying N1.63bn claim

Cornerstone Insurance

Q1 2021: Cornerstone Insurance grows profit 39% to N688m despite paying N1.63bn claim     Despite paying higher claims totaling N1.63 million in the first quarter of 2021, Cornerstone Insurance recorded double digits growth in bottomline during the three-month period. Financial Statement seen by Business Metrics shows that the insurer has recorded total claim payout of N1.63 billion during the period, which is N325 million higher than the N1.3  paid in the comparative period of 2020. The company improved profit for the year by a whole 38.5 percent, rising from…

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Cornerstone Insurance Plc appoints Ogechi Adeola as Director

cornerstone insurance

Cornerstone Insurance Plc appoints Ogechi Adeola as Director     Cornerstone Insurance Plc has appointed Dr Ogechi Adeola as its new Independent Non-Executive Director, subject to ratification by members at general meeting. This is according to a notification sent to the Nigerian Stock Exchange (NSE) platform, dated 24th of February, 2021, as seen by Business Metrics. Dr. Adeola has over two decades of work and consulting experience in the Nigerian Financial services sectors. She is an Associate Professor of Marketing at the Lagos Business School and an alumna of the Manchester…

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