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NAICOM may force mergers to avert liquidations in ongoing recapitalisation

…considers soft landing for failed companies  

The National Insurance Commission (NAICOM) says it will as much as possible avoid going into liquidation of failed companies in the ongoing insurance industry recapitalisation. The commission said rather than liquidating those that fail to recapitalise, it is considering forced mergers that will make them become one big company. Sunday Thomas, acting commissioner for insurance/CEO,…

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