Adeduro

The National Insurance Commission (NAICOM) has approved new board of directors for Law Union & Rock Insurance Plc.

A statement signed by the Head, Research, Strategy and Corporate Communications, Mr. Mobolaji Akerele disclosed the new directors as Eric Idiahi, Abayomi Onifade, Mrs. Subulade Giwa-Amu, Mrs. Ije Onejeme, Dr. Umaru Kwairanga, and Livingstone Mogarimbo.

Retained on the board are the Managing Director, Ademayowa Adeduro and the Executive Director, Technical & Operations, Supo Sogelola.

According to the company, Idiahi is a Co-founder and Partner of Verod Capital Management Limited. Prior to founding Verod Capital, Eric was the co-founder and managing partner of Fountainhead Media Group, an investment and advisory firm focused on the Technology, Media and Telecoms sector in Nigeria.

He is a Director of Tangerine Life Insurance, AXA Mansard Pensions Limited, Central Securities Clearing Systems Plc, Emzor Pharmaceutical Industries Limited, Greensprings School Limited and Lancaster University Ghana.

Onifade has over the last 16 years, being an integral part of the team that built one of Nigeria’s largest and fastest growing non-bank financial services groups Axa Mansard.

From a fringe player status back in 2004 which was just a P & C business, the Group today also has segment leading status in Life and Health Insurance as well as Asset Management with gross revenues of approximately $120m.

Mrs. Giwa-Amu is a result-oriented Chief Executive with a strong business turnaround track record garnered from over 25 years in Financial Services, Real Estate Investment & Development, and Business Process Re-Engineering across the West African sub-region.

Dr. Kwairanga, the Sarkin Fulanin Gombe holds a B.Sc (Hons) in Business Administration; MBA from the University of Maiduguri and M.Sc Finance & Governance from Liverpool John Moores University U.K (LTMU) Liverpool United Kingdom. He is a fellow of the Institute of Directors (IoD), Certified Pension Institute of Nigeria (CPIN) and Chartered Institute of Stockbrokers of Nigeria.

Mrs. Jackson is currently the Executive Director, Technical & Operations at Tangerine Life. An astute underwriter with over 20 years’ experience in insurance industry, she was once the Head, Insurance Services (Nigeria) at Alexander Forbes, Head, Acturial Service at Leadway Assurance Company Limited.

Mogarimbo on his part has more than 20 years experience in the insurance industry, ranging from life insurance, general insurance, reinsurance to pension fund administration.

The Managing Director, Adeduro in the statement said he is delighted with the approval from NAICOM.

He stated that the board is looking forward to working with the management in guiding the company to success.