Middle-East Conflict: Nigerian insurers to face high reinsurance costs

Vanguardngr | 19-03-2026 05:40pm |

By Rosemary Iwunze As the conflict involving United States, Israel and Iran escalates in the Middle-East, Nigeria insurance industry may face rising reinsurance costs. Commissioner for Insurance, Mr. Olusegun Omosehin, who disclosed this, noted that the crisis could trigger rising claims globally, leading to higher reinsurance pricing. The development, according to Omosehin, would inevitably affect Nigerian

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