Tag: NAICOM
Fixing Dry-Lease Aircraft Acquisition Challenges in Nigeria
Domestic insurers do not have the financial muscle to cover multi-million-dollar dry lease risks. International lessors often insist on offshore coverage, creating tension with...
New Insurance Rule Lets Airlines Cede 90%, Stabilise Market
“For years, lessors required offshore underwriting, and over 95 percent of aviation insurance premiums left Nigeria. This new model strikes a balance,” said Omosehin....
