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CORNERSTONE INSURANCE AND ITS STANCE ON RECAPITALIZATION
1. Position on Recapitalisation
- Company Readiness:
- Stephen Alangbo, Managing Director of Cornerstone Insurance Plc, stated that the company is prepared for any upcoming recapitalisation measures by the National Insurance Commission...
Key Points:
- Cornerstone Insurance PLC delays filing of 2023 Audited Financial Statements and Q1 2024 Unaudited Financial Statements.
- Delay caused by transition to IFRS 17 Accounting Standards.
- New filing deadline set for July 31, 2024.
Details:
Background:
On June 21, 2024, Cornerstone...
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