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Mutual Benefit Life was taken into receivership for rehabilitation by the New Jersey Department of Banking and Insurance on July 16, 1991, after losses in an overheated real estate market led to a run by policyholders, who ultimately lost the purported "cash value" that had been said to have accrued in their policies. At the time, the collapse ...
Afrinvest was founded in 1995 by Godwin Obaseki as Securities Transactions & Trust Company (Nigeria) Limited (“SecTrust”). [3] Over the years, SecTrust established a close relationship with its London-based partners (“Afrinvest Limited”), an investment banking firm regulated by the United Kingdom Financial Services Authority (“FSA”).
Stanbic IBTC Holdings PLC. came alive as the result of a merger between Stanbic Bank Nigeria Limited and IBTC Chartered Bank Plc. in 2007, then adopting a holding company structure in 2012 to comply with the revised regulatory framework advised by the Central Bank of Nigeria, requiring banks to either divest from non-core banking financial services or adopt a holdings’ company structure.
AIM, the International Association of Mutual Benefit Societies (Association Internationale de la Mutualité) represents health mutual benefit societies (mutuals) and health insurance funds in Europe and worldwide. [1] It was founded in 1950 [2] and is based in Brussels.
Allianz sells life and non-life insurance services including vehicle, home, life and education insurance as well as savings plans. [1]The company also sells general business insurance products, including fire and special perils, burglary, computer and electronic equipment all-risk, money, compulsory, professional indemnity, machinery/plant all risks, contractors all risks/erection, and goods ...
Oando plc: Nigeria based; oil, natural gas, refining, energy: oandoplc.com: OAS Oasis Crescent Property Fund: Sharia-principled real estate investment company with offices in Egypt, Ireland and South Africa oasiscrescent.com: OCE Oceana Group Limited: commercial fishing, fish processing; potatoes; cold storage for fish, fruit oceana.co.za: OCT
Old Mutual Holdings Plc, Formally known as UAP Holdings Limited, is an investment, retirement, and insurance group that operates mainly in Eastern Africa.UAP Holdings is one of the leading insurance and financial services groups in eastern Africa with a network of branches and operational subsidiaries spread across the greater eastern and central Africa regions.
Mutual benefit corporations must still file tax returns and pay income tax because they are not formed for a purpose that is meant to benefit the general public (unlike public-benefit nonprofit corporations) but rather to provide an association of people with a common benefit. Due to its private purpose, a mutual benefit corporation pays the ...