Nigeria: International Energy Insurance Buys Into Equity Life (AllAfrica.com)
Equity Life Insurance Company Limited has concluded plans to team up with International Energy Insurance Company Limited (IEI) to reinforce its life business portfolio for emerging opportunities, post consolidation.

Aviva Life Insurance increases capital base by Rs 199.1 Crores (Central Chronicle)
New Delhi,Jan 22: Aviva Life Insurance today announced an increase in its capital base by Rs 199.1 crores, taking the total paid-up capital to Rs 758.2 crores. As per government regulations Aviva holds a 26% stake and Dabur 74%. The fresh infusion will help fuel the growth plans in 2007.

Nigeria: UBA Relinquishes Non-Life Insurance to NICON (AllAfrica.com)
NICON Insurance Corporation (NICON), one of the leading underwriting firms in Nigeria has formally taken over UBA Insurance (Non-Life Company) from the management of the United Bank of Africa group having wholly acquired the company.