All Posts in "Day: July 15, 2022"

Former Nigerian President, Good luck Jonathan tasks African Parliament on accountability

By admin

 

 

Former President Goodluck Jonathan has charged African parliamentarians to rise above narrow partisan considerations and be committed to pursuing the public good.

Jonathan gave the advice in his remarks on Thursday in Banjul, Gambia, at the opening session of a two-day capacity building workshop for members of the Gambian parliament, organised by The Goodluck Jonathan Foundation (GJF) in collaboration with the ECOWAS Parliament.

Jonathan, who is the Chair of GJF, said that in the age of democracy and globalisation, Africans had no choice outside of conscious efforts to deepen democratic practices and use the instrumentality of democracy to advance the national interest and promote the public good.

The former President in in his remarks made available to the News Agency of Nigeria (NAN) in Abuja, said that the parliament as the institutional pillar of democracy played a very important role in fostering political accountability and stability.
“It is understandable when parliamentarians want to assert their independence because they don’t want to be seen to be a rubber stamp or an appendage to the executive.

A parliament should exercise its independence to the extent that it does not compromise its duty to the people or loyalty to the state.

“This should be the foundation of politics. It is also at the heart of governance. Leadership is not about who gets what, how and when, but about impact and derivable benefits to the society.

“Democracy works better and delivers the most goods when the parliament promotes inter-party collaboration around good policies and initiatives,” Jonathan said.

The former President, who acknowledged the importance of separation of powers in a functional democracy, however, said that did not mean that the organs should function like three different governments within a system.

“It is important to emphasise that every country has only one government, one president, one speaker or leader of the parliament and one chief justice who is the head of the judiciary. Together, they form the government of a country.

“I believe that separation of powers works better when it functions like the concept of division of labour in elementary economics. Division of labour does not mean that a factory will have different production lines, working at cross purposes.
“It only means the sharing of responsibilities among different people or departments for optimal performance towards a common goal.”

He said that political leadership in Africa needed to renew their commitment to national aspirations and consciously seek to bridge the gap between partisan considerations and the imperative of national development.

“Many of us are not strangers to the stories of infighting and exchange of blows and punches in the parliament.

“Democracy loses its essence when politics is made to overshadow governance. Admittedly, politics, democracy and governance have the same goal; to advance the interest of the people through service.

“We notice that in most African parliaments it is either that the dominant party in the parliament is unconditionally shooting down all bills and motions from the opposition camps or the opposition is perpetually living up to its name by kicking against any initiative from the ruling party, no matter how good it is for the country.

“Parliamentarians, therefore, must be ready to support initiatives that are good for the country, irrespective of the source, so long as it promotes progress,” Jonathan said.

The former Nigeria president further said that the interest of a politician, either in the executive or the parliament should be to make the citizens happy.

He said added that for the citizens to be happy, they must be in a position to meet their daily needs and be free to travel to any part of their state without fear.

The former president said that the state fulfilled its responsibility to the people when the citizens could afford their basic needs and were able to exercise their constitutionally given freedoms freely without fear.

“Democracy as a government of the people implies a dialogical engagement between government and its people and the mutual understanding between the aspirations of the people and what the government is able to do to achieve these goals.

“The parliament is the centrepiece of this civic engagement.

“Through bills, motions and other debates, the parliament becomes a theatre of civic engagement where representatives of the people amplify the concerns of the common people whose voices cannot, ordinarily, be heard.

“Parliamentarians therefore are torchbearers who carry on their shoulders the interest of the masses and give strength, faith and hope to the ordinary citizens.
The parliament deepens democracy by providing checks and balances to the executive arm of government and its oversight functions, thereby promoting good governance and accountability,” he said.(NAN)

Patoma Admin by — July 15, 2022 in Foreign 0
New CIIN president, Edwin Igbiti unveils three-point agenda for industry

By Favour Nnabugwu
The President/Chairman of the Chartered Insurance Institute of Nigeria (CIIN), Mr. Edwin Igbiti has unveiled a three-point agenda for the insutute during his tenure
Igbiti in his acceptance speech during  his investiture as the 51st president of the institute in Lagos revealed that the theme of his tenure as “Building A Sustainable Legacy” stated that his 3-point agenda is Digital Reinforcement of Institute’s Operations, Insurance Awareness for all – Grassroot, Youths and Insuring Public Infrastructural Development.
He explained that the choice of the theme was borne out of the need for continuity to sustain and build on the works of Past Presidents of the Institute.
“This will guarantee that despite current global uncertainties, the Institute will continue to meet the needs and aspirations of its members efforts have been made by my predecessors to revamp the digital operations of the Institute. However, we need to continuously upgrade and innovate our processes to deliver excellent customer experiences and members’ satisfaction.”
“My projection is that my tenure as President of the CIIN will facilitate the transformation of the CIIN Secretariat with the state-of-the-art facilities that would stimulate digital operations and processes, enhance excellent work culture which results in quality customer experiences in all our deliverables. Smart Technologies and digital solutions would be deployed to achieve this together with a viable business model.”
He recommended that the institution must have strong partnership to move the profession and the industry forward and this he opted can only be successfully executed collectively
“The Institute has many programmes in place aimed at creating insurance awareness and training members to be world class insurance professionals, but I cannot achieve the success on my own. Hence, I want to seize this opportunity to appeal to you for your support to help drive the Institute to lofty heights,” he said.
He promised that Smart Technologies and digital solutions would be deployed to achieve The institute’s goal with a viable business model.
The Chairman of the Investiture Ceremony, Chief (Dr) Oladele Fajemirokun, said this in his speech at the occasion, described Edwin Igbiti as a man with the right character, competence, experience and a professional to give progressive leadership to the CIIN
“There is no doubt in my mind that Edwin, who I can rightly refer to as my son, having worked at AIICO Insurance Plc for a considerable number of years at a very top management cadre, specifically as the Group Managing Director/ Chief Executive Officer, has the character, competence and experience to give progressive leadership to the CIIN”.
“I must say that in the course of our intimate relationship, I found Edwin to be a professional to the core, a humble personality, always willing to learn and also someone who puts a lot of practical life to what he believes in as a Christian and also as a Church Leader.
“It is most heartwarming for me that a person in the mould of Edwin is taking over the mantle of leadership of the Institute at this crucial period. We all know the pivotal position the Institute occupies in the financial ecosystem and the economy of this country.”
Commenting on the contribution of the CIIN to the growth of insurance business in Nigeria and the way forward for the industry, Chief Fajemirokun said “There is no doubt that over the years, the Institute has distinguished itself as one of the foremost professional bodies that has given cutting edge training to insurance professionals, who in turn are adding significant value, not only to the insurance industry, but the general financial ecosystem.
Suffice it to say that it is not all uhuru for the insurance industry in Nigeria today, in spite of all the stringent efforts being made by the operators as well as professionals. Insurance, regrettably is still at the back waters of national economy contributing a paltry one per cent to the Gross Domestic Product of the nation.
“Pointless to rehash some problems that have led to the recession of the industry bordering on poor image, low public acceptance and inadequate professional training impacting on the quality of professional insurance practitioners who interface with members of the public. But be that as it may, the industry has continued to make huge strides towards ensuring that this narrative is changed and permanently too.”
“Besides the Council pushing forward the likes of Edwin Igbiti to change this narrative for which I know he has the capacity, considering his professional standing and long years of experiences in the industry, it is very apposite for me to say that the industry has been making giant strides in the area of embracing information technology which ultimately as we all know is the driver of global economy and there is no actor in the global economy, including insurance, that should lag behind when it comes to information technology.
While commending the past leadership of the institute for laying a solid foundation, the former Chairmen of AIICO Insurance PLC stated, “I must not miss to appreciate the dynamism that has been infused into the leadership of the Institute since its inception. We have had 50 Presidents and all of them without exception laid the moulding blocks upon which Mr. Edwin Igbiti is starting to build on as the 51st President today.
Patoma Admin by — July 15, 2022 in Insurance 0
Acceptance speech of new CIIN president, Edwin Igbiti at the investiture

By Edwin Igbiti

 

 

Today is indeed epochal and special for me. I give all glory to God Almighty for the gift of life and His grace to witness this day. God’s blessings and goodness have been abundant in my life and I cannot thank Him enough for His glory upon my life. To Him alone be all the glory, honour and adoration for ever and ever, Amen.

I am humbled and honoured to be invested as the 51st President of the Chartered Insurance Institute of Nigeria by the Governing Council. This is a great honour and expression of trust by the members of the Governing Council in particular and all the members of the Institute as a whole and I do not take this trust lightly. As I stand before you today, I want to assure you that I will serve the Institute to the best of my abilities and work to sustain the legacies of my predecessors and the aspirations of the founding Fathers of the Institute.

Distinguished members of the Governing Council, our esteemed Elders and Guests, your presence at this occasion is most appreciated and I am full of gratitude for this support and expression of love and trust.I particularly wish to salute my predecessor Sir (Dr.) Muftau O. Oyegunle and other Past Presidents for the examplary roles they played in the Institute, while I look forward to sharing in their experiences as I proceed on this audacious journey.My heart is indeed full of gratitude because my sojourn through life has immensely been blessed by God who gave me men and women that played significant roles in bringing me to where I am today.

I am forever indebted to my parents who laid the foundation for my success through their trainings, sacrifices, love and support for my dreams to be actualized. I cherish and value the foundation of hardwork, diligence and humility you inculcated in me. My appreciation goes to Phoenix Insurance Company where I began my professional journey into the Insurance Industry as an Underwriting Trainee. However, my greatest gratitude goes to the Chairman of this Occasion – Chief (Dr.) Oladele Fajemirokun, who gave me the opportunity to work and serve in different capacities in AIICO Insurance Plc for several years, where I garnered valuable and outstanding managerial and strategic leadership skills.

Sir, I pray that God will continue to bless all that is yours and reward you abundantly (Amen). I equally acknowledge Niger Insurance Plc for the honour to serve. My sincere appreciation goes to everyone, who in one way or the other contributed to my successful career in the insurance industry. I say thank you all.I understand the responsibilities this office confers on me especially, in an increasingly dynamic world, characterized by uncertainty and volatility as evidenced with the advent of the Covid-19 pandemic.

Consequently, we all must adapt and flow with the new order occasioned by the disruptions to our business and personal life leading to the fast digitisation that made the world global village where information and innovation travel at a rapid speed.We, in the Insurance Industry and Institute, must continue to be at the frontiers of these technological innovations and trends in order to thrive and drive impact our endeavours and ventures. It is in this light that the theme and focus of my tenure will be BUILDING A SUSTAINABLE LEGACY.

The choice of the theme was borne out of the need for continuity to sustain and build on the works of Past Presidents of the Institute. This will guarantee that despite current global uncertainties, the Institute will continue to meet the needs and aspirations of its members.

Against this backdrop, my Presidency is going to unlock the potential of this approach by focusing on a (3) three-point agenda as briefly outlined below:1. Digital Reinforcement of Institute’s Operations. 2. Insurance Awareness for all – Grassroot, Youths and Insuring Public. 3. Infrastructural Development. 1. Digital Reinforcement of the Institute:a. Completion of the E-library project.b. Commencement of E-Examinations. c. Active Presence and Use of ALL Available Social Media Platforms. 2. Insurance Awareness for all– Grassroot, Youths and Insuring Public:a. Positive Upscaling of the Quiz for Secondary Schools to National Limelight. b. Distribution of Insurance Textbooks to Secondary Schools and effective coordination of the train-the-trainer program for insurance secondary school teachers. c. Deepening and Consolidating Youth Empowerment and Mentorship Initiatives.3. Infrastructural Development: a. Renovating the Lagos Street Building to acceptable standards. b. Getting Necessary Approvals and Clearance from the Lagos State Government to Resume the Building of the Victoria Island Project.c. Significantly Increasing the building fund as would be agreed with the Building Committee.Indeed, efforts have been made by my predecessors to revamp the digital operations of the Institute.

However, we need to continuously upgrade and innovate our processes to deliver excellent customer experiences and members’ satisfaction. My projection is that my tenure as President of the CIIN will facilitate the transformation of the CIIN Secretariat with the state-of-the-art facilities that would stimulate digital operations and processes, enhance excellent work culture which results in quality customer experiences in all our deliverables.S mart Technologies and digital solutions would be deployed to achieve this together with a viable business model.

Distinguished Ladies and Gentlemen, the recent developments in the world in general and in Nigeria in particular demands strong partnership to move the profession and the industry forward and this can only be successfully executed collectively. The Institute has many programmes in place aimed at creating insurance awareness and training members to be world class insurance professionals, but I cannot achieve the success on my own. Hence, I want to seize this opportunity to appeal to you for your support to help drive the Institute to lofty heights.

Ladies and Gentlemen, before I round off my speech, I would like to draw our attention to the socio-economic situation in our dear country, Nigeria. The need to curb the menace of insecurity and other crimes require that we collaborate with all tiers of government with the aim of re-emphasising the essence of insurance as the infrastructural pillar for the growth and development of country.

Distinguished Professional Colleagues, I implore you to collaborate with me in this new dispensation as the task ahead calls for teamwork and effective collaboration. I cannot end my speech without expressing my sincere gratitude to the Commissioner for Insurance, Mr. O. S. Thomas, all Past Presidents and other members of the Governing Council and my friends for their unwavering support.My profuse thanks go to all the sponsors of my investiture ceremony.

I am humbled by the magnitude of love and well-wishes from all of you, both corporate and individual. Your financial support is unprecedented, and I pray that God in His infinite mercies will shower you with unequalled blessings. I wish to thank the Investiture Committee Chairman, Lady Isioma Chukwuma, Sub-Committees Chairmen, Members of the Sub-Committees, the Director-General, Mrs. Abimbola Tiamiyu, and everyone that contributed to the success of this ceremony. My deepest appreciation goes to my family,

My beautiful and ever supportive wife and children. You are part of the reasons why I am who I am today. Thank you for your perseverance, understanding and encouragement all through the years.

I thank the Gentlemen of the press who are well represented here for the good publicity given to today’s event as well as all industry programmes.Finally, I thank you all for your attention and taking time off your very busy schedules to honour me and our great Institute at this investiture ceremony. Do enjoy the rest of the evening with us and may God bless you all.

 

MR. EDWIN IGBITI, FIIN PRESIDENT/CHAIRMAN OF COUNCIL CHARTERED INSURANCE INSTITUTE OF NIGERIA

Patoma Admin by — July 15, 2022 in Insurance 0
How CIIN new president, Edwin Igbiti waded through life challenges to become insurance industry leader

By Tope Adaramola

 

 

The insurance industry is in the news again, gladly for another positive development, with the emergence of the Osomegbe, Etsako, Edo State born Edwin Friday Igbiti installed as the 51st President of the Chartered Insurance Institute of Nigeria- CIIN-a professional body that has carved a good niche in offering cutting edge training and certification to insurance practitioners in Nigeria.

Edwin’s life and meteoric rise through the ladder of life and the profession is quite fascinating and somewhat emotional, worthy of being relayed for the motivation and edification of those upcoming generation who may still allow their aspirations to be cocooned by lack or other besetting challenges. For good watchers of history, the world is replete with many successful persons who struggled through life rising from obscurity to limelight. In the epic book, “The story of my life”, former United States of America President, Bill Clinton, narrated his battle through grinding lack, occasioned mainly by crippling family challenges.

It was told how Bill had to be taken up and trained by different people including his step father. It was clear from his story that the surname, “Clinton” was given to him circumstantially. The sweetness of the tale is that Bill still trudged on to become one of the most powerful presidents in the world. It appears God often allow men that would be great to pass through afflictions or grinding challenges at one point or the other in their lives.

And so, for Edwin Igbiti, he was born in Lagos into a family of seven children of which he was the second and a boy. Growing up turned awry for him when his father, late Momoh James and mother, Regina, could no longer cater for the needs of the family due to inexplicably vicissitudes of life. The situation got to the abyss at some point, their landlord had to send the family packing for inability to meet their rent obligations.

They eventually took succor in a room apartment offered them by a well-wisher. It’s better imagined crowding a little room with about nine persons inclusive of adults. Life was hard for the Igbitis. Happily, in a twist of fate, many years from then, all members of the Igbiti family who suffered ejection from one house to the other in Lagos are now today, landlords in the same city!

Naturally, the financial situation took a grievous toll on Edwin as he struggled through primary school at Catholic School, Apapa Road, Lagos and later secondary school at Royal Polytechnic College, Yaba, which was later closed down, due to an educational policy initiated by the State government then. He had to enroll for his West African School Certificate at the Awori Ajeromi Grammar School, Apapa in 1981.

Though sufficiently intelligent to gain admission to a higher institution, young Edwin could not, due to finance. Since in every situation God always have his way of escape, Edwin knew what laid ahead of him and was prepared to turn the lemon to lemonade. By providence he secured a job with defunct Phoenix Insurance Co. Ltd with his secondary school certificate. This was when legion of his age mates were still literally strapped to their parent’s feeding bottles.

Situation of life forced him to grow up working in a formal environment under a British Managing Director, called Mr. Knotcher. While eking a living and partly providing succor for his other family members, Edwin had the nudge to start the much dreaded chartered certificate examinations in Insurance by correspondence from Chartered Insurance Institute, London. It was a period when passing just a stage in the exams was literally akin to opening a door to paradise.

Though maturity and intelligence were two great keys to passing the exams, Edwin amazed his co-workers and bosses with his excellent progress in the exams, not without the dread of Mr. Wiggle, the Admin Manager of the company who brooked no nonsense, but before whom young but precocious Igbiti found favour. He passed the exams by instalments and qualified as a Chartered Insurer even before the age grade that his contemporaries were finishing their higher education, if they were lucky to be admitted directly

There was no doubt that armed with the prestigious insurance certificate, there was no stopping Igbiti anymore, he was already a golden fish that could not be hidden. He was recruited and made Deputy Manager in 1992 in the high profile American International Insurance Company (AIICO) which was a fascination to many young professionals and job seekers at the time. While in AIICO, Igbiti became an asset to the company blending loyalty, good naturedness and intelligence. For many years he distinguished himself as one of the egg heads of the company and the industry, particularly in fire underwriting, taking after the likes of late Oladipupo Bailey and Bolaji O Banjo, a.k.a, BOB.

By dint of hard work and providence Edwin rose through the ranks of management, perched a little as General Manager, Non-Life Underwriting, and eventually to the hallowed Board of the company when he was promoted as Group Managing Director in 2013, following a “corporate holocaust” that took place in the foremost life company.

He gave his all to AIICO and revealed how AIICO also wrote the juiciest part of his career history, including during daunting periods of his life. Leaving AIICO as GMD after five glorious years, Edwin offered to assist in rescuing beleaguered Niger Insurance plc, but the long term endemic challenges the company was enmeshed in seem not easily repairable in a flight. Edwin left and horned more Broking experience, this time from Quick link Insurance Brokers limited as Executive Director. From the company he garnered experience needed to start his own brokerage company which is up and running today.

Ostensibly having his gaze on the crystal ball, Edwin plunged himself into industry affairs becoming very active in affairs of the Chartered Insurance Institute of Nigeria and the Nigerian Insurers Association NIA. Remarkably he served on the NIA as a Governing Board member and Assistant Treasurer. In CIIN, he was not just on the Council but performed impeccably on different strategic committees such as Chairman, Activities Committee; Deputy Chairman of Accreditation Committee; General Secretary of Fire Offices Committee; Deputy Chairman of Insurance Industry Consultative Committee and Chairman, College of Insurance and Financial Management (CIFM)

Not allowing his scholarly aspirations to diminish, Edwin Igbiti in 1996 bagged an Advanced Diploma in Management from the Department of Business Administration, University of Lagos and in 1997 became a Chartered Insurer from the Chartered Insurance Institute of London before proceeding to The Redeemed Christian Bible College in 2002 to obtain a Diploma in Theology. In 2005, Edwin completed the requirements for a Master’s degree in Business Administration (MBA) from the University of Ado Ekiti and also became an alumnus of the Howard University Business School in the United States of America.

As an astute insurer, apart from his academic qualifications, Edwin garnered outstanding professional certifications both within and outside Nigeria. In 2008, 2011 and 2015, he obtained several Executive Leadership Programme certifications from Howard University School of Business and Chief Executive and Directors Programme from the Management School, London, respectively.

A man suffused with impeccable native intelligence and social skills that makes him an admirable friend to many in the insurance industry, Edwin is also a Fellow of the Chartered Insurance Institute of Nigeria (FIIN), a Fellow of the Risk Managers Society of Nigeria (RIMSON), Associate of the Nigerian Council of Registered Insurance Brokers (NCRIB) and a Fellow of the Risk Surveyors Association of Nigeria (RISAN).

He also served the Nigerian Insurers Association (NIA) as member of the Governing Board and one time Assistant Treasurer of the Association. It is on record that Edwin was Chairman of the Nigeria Insurance Liability Pool under whose tenure the organization witnessed significant leap, with the purchase of a befitting building complex.

Today, Mr. Igbiti, aside from being a chartered Insurer is a Fellow of the Chartered Insurance Institute of Nigeria (FIIN); chartered Member of the Nigerian Institute of Management, Chartered (NIMC), certified Business Continuity Systems Lead Auditor from the British Institute, UK and Alumnus of the Howard University Business School, U.S.A. is also an Ordained Pastor of the Redeemed Christian Church of God.

There is no doubt that mounting the saddle at this time as the 51st President, Edwin Igbiti would bring to bear his vast knowledge of the industry and Institute to cause a paradigm shift in the new knowledge orientation required of a professional training Institute of the status of the CIIN and by so doing enriching the overall knowledge base of insurance operators in Nigeria. He is a perfect fit.

 

 

Tope Adaramola, Executive Secretary of the NCRIB

Patoma Admin by — July 15, 2022 in Insurance 0
Stanbic IBTC appoints new directors

By Favour Nnabugwu

 

 

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced the appointment of new directors to oversee the operations of various subsidiaries within the group.

The Company, in a statement stated: “The appointments were in line with the financial institution’s tradition and succession strategy of grooming leaders.
With the appointments, the organisation bolstered its capabilities to provide better services to its clients.”

Helmut Engelbrecht was appointed as Non-Executive Director, Stanbic IBTC Bank Plc and Hassan Khan was appointed as Non-Executive Director, Stanbic IBTC Capital Limited. Bunmi Olarinoye and Idris Toriola took up the positions of Chief Executive and Executive Director respectively at Stanbic IBTC Stockbrokers Limited.

Adelanwa Adesanya and Selvan Kistnasamy were also appointed Independent Non-Executive Director and Non-Executive Director respectively at the stockbroking subsidiary of Stanbic IBTC.Titi Ogungbesan, the erstwhile Chief Executive of Stanbic IBTC Stockbrokers became Executive Director – Business Development at Stanbic IBTC Insurance Limited; Jesuseun Fatoyinbo was appointed as a Non-Executive Director on the Board of Stanbic IBTC Nominees Limited, and Ese Nkadi took up the role of Executive Director at Stanbic IBTC Trustees Limited.

Dr Demola Sogunle, Chief Executive, Stanbic IBTC Holdings PLC, spoke of the appointments. He said that the financial institution was committed to growing its people while upholding the highest standards of service delivery across its subsidiaries.

He added: “Placing people over profits is a mantra which we abide by at Stanbic IBTC. We place a high premium on our human capital because people are the drivers of our growth. I am therefore delighted that we have appointed these individuals to various Directorship positions within our organisation.

“I am confident that these appointments will further accelerate the achievement of our business goals and objectives. At Stanbic IBTC, we are dedicated to delivering value to our stakeholders and we will continue to ensure that we provide our clients with the products, services and solutions to suit their needs.”

The appointment of the directors showcased the group’s commitment to innovation and growth through the injection of vigour into its operations. The Stanbic IBTC Group Chief Executive added that the elevations would help strengthen the organisation’s corporate governance framework given the pedigree of the individuals who were recently appointed.

Dr Sogunle further encouraged the new appointees to make their impact felt when discharging their duties. He expressed confidence they would bring their expertise and experience to bear on the group, thereby further reinforcing Stanbic IBTC’s position as the leading full-service end-to-end financial services organisation in Nigeria.

Patoma Admin by — July 15, 2022 in Banking & Finance 0
Allianz (AGCS) targets multinationals with new team, investments

By admin

 

Allianz is aiming to expand its business from the global insurance program sector to serve more large multinational customers, and to this end has set up a new team within its international corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS).

The move, which also includes dedicated investments in data and technology and expanded customer service, will help Allianz to meet the increasing demand from large and medium-size companies needing cross-border coverage, the company explained.

To support multinational customers, AGCS has moved the Management Board responsibility to the ‘Regions and Markets’ area led by Henning Haagen, who oversees market-facing activities including distribution.

The new AGCS Multinational set-up also includes a strengthened global leadership team and enhanced regional responsibilities.

Global Head of the new Multinational Business team will be Guy Money, who currently serves as Global Head of Product at AGCS.

The established AGCS Captive Solutions team, led by Brian McNamara, will also be integrated into the Multinational business to provide a range of services from traditional, multi-line global programs to captive fronting and reinsurance as well as hybrid combinations of traditional and alternative risk transfer.

“With our new strategy and set-up, integrated with the network strength of Allianz Group, we are well positioned to capture new business in this sophisticated segment of corporate insurance. This ambition is very much in line with our overall market leadership aspiration”, said AGCS Chief Executive Officer Joachim Mueller.

Further key leadership appointments in the new AGCS Multinational team include Jayesh Patel who is leading the Multinational Market Practice Team, and will work with AGCS’ global and regional distribution teams to drive business development in target markets.

Karol Dobias remains in charge of the Business Excellence unit responsible for global standards, performance tracking and steering.

The Network Management Team is overseen by Melanie Windirsch, who is responsible for delivering local services across all network countries, and Nigel Leppitt will oversee the Multinational transformation program

Patoma Admin by — July 15, 2022 in Insurance 0
Fitch appoints Hidalgo as Global Head of Insurance Industry Sales

By admin

 

Fitch Ratings has appointed Augusto Hidalgo as Global Head of Insurance Industry Sales, where he will be based in London.

Hidalgo made the announcement earlier this week on LinkedIn.

With over 30 years of experience working within the industry, Hidalgo brings a strong level of expertise towards his new role.

He joins from WTW, where he held the role of Head of Climate and Resilience Hub, Southeast Asia. He held this role for just under four years.

Prior to that he served as Chief Executive Officer of National Reinsurance Corporation of the Philippines (Nat Re), a role he held for four years.

In addition, he has also previously served as Head of M&A at Peak Reinsurance, and was also a Managing Partner for seven years at New World Financial.

However, Hidalgo’s longest tenure was with Swiss Re, where he spent nine years serving as a Senior Underwriter.

Patoma Admin by — July 15, 2022 in Insurance 0