Union Assurance: Union Assurance recurring losses calls for restructuring

Union Assurance Plc's recurring operating loses calls for urgent restructuring for the Nigeria insurer. For the year ended December 2014, Union Assurance posted a loss after tax of N1.66 billion from N1.20 billion loss it recorded same period of the corresponding year (FY) 2013. The creeping underwriting and operating costs also added to pushing the [...]