Ebele Nwachukwu is now REGIC MD/CEO

By Favour Nnabugwu
 
The Board of Directors of Royal Exchange General Insurance Company Limited, has appointed Mrs. Ebelechukwu Benedicta Nwachukwu as the Managing Director/Chief Executive Officer (MD/CEO) of the company.
This follows the confirmation of her appointment by the industry regulator, the National Insurance Commission, (NAICOM).
Mrs. Ebele Nwachukwu assumed office December 1, 2022.
Announcing the appointment at a press conference in Lagos, the Chairman, Board of Directors, Prince Ike Chioke, said that Mrs. Ebele Nwachukwu, with her extensive experience and knowledge of the insurance industry, will seek to drive the continuous growth and profitability of the company and make the company a market leader in general insurance business in Nigeria.
According to the Chairman, “Ebele brings close to 3 decades of versatile and trusted experience to Royal Exchange General Insurance, with a track record of excellence and performance, having previously led two (2) insurance companies in Nigeria, and we are very confident in her ability to take the company to even greater heights”.
Speaking further, Prince Chioke said, “Ebele is expected to focus on our transformation agenda as we seek to diversify our business lines and focus on the retail insurance space. Royal Exchange General Insurance has a vision to attain and maintain market leadership in terms of profitability and excellent service. For us at the Board, we see Ebele as someone who can drive this vision, as we seek to be a top 3 general insurance firm in Nigeria. This is the goal and expectation of the investors and the Board, within the next 3-5 years.”
Prince Chioke added, “the Board would like to thank Mr. Benjamin Agili for his meritorious service to the Company. Mr. Agili will always be remembered for his leadership, service, dedication, and strong commitment to the company. Under his watch, the company has grown to be major player in the general insurance space in Nigeria and the Board thanks Mr. Agili for his services.
Mrs. Nwachukwu is a graduate of University of Benin, Edo State and obtained her master’s degree in Business Administration from the ESUT Business School. She is an Alumni of London Business School (Executive Education); London and The Columbia Business School, New York; and has attended Executive programmes at the Manchester and Lagos Business Schools.
She started her insurance career at International Standard Insurance in 1994 after the mandatory NYSC and spent an additional year with the firm before joining Standard Alliance Insurance Plc in 1996, as an Officer, Public Sector. She rose to the position of Assistant General Manager (AGM) before leaving in 2004 to join UBA Insurance Company as Deputy General Manager/Divisional Head, Retail and Channel Management with the task of running the Bancassurance Model with UBA Plc. She also had a stint at UBA Plc as Senior Manager/Head, Marketing – Cards Division.
Ebele left UBA Plc to join Zenith General Insurance as a Deputy General Manager (DGM) in 2007, was promoted to the position of General Manager (GM) in 2008 and later appointed the MD/CEO in the same year, leading the company to unprecedented growth in terms of revenue and profitability in the nine (9) years she spent as the Managing Director.
Mrs. Nwachukwu then assumed the leadership position of MD/CEO at NSIA Insurance in January 2018, where she led the business reengineering and transformation projects in the company. While at NSIA, her efforts led to a change in the company’s structure, culture and operations, leading to increased business patronage and was awarded the ‘Best Place to work’ in 2019. She left NSIA in May 2022 to pursue other personal interests.
A member of Chartered Insurance Institute of Nigeria (CIIN); Ebele is also a member of the Institute of Directors, Nigeria, (IoD); Chartered Member of the Nigerian institute of Management (NIM) and a member of the Personal Finance Society, United Kingdom.
In the Nigerian Insurance Industry, Ebele has served in the following capacities: Member, Governing Council, Nigeria Insurers Association (NIA); Chairman, Publicity Sub-Committee of the Insurers Committee (NAICOM); Chairman, AIO Organizing Committee – AIO 2021, (hosted in Nigeria) and Chairman, NIA House Project.
Oguche Agudah, Salamotu Isah for 4th African Pension & Retirement Summit in Dubai

CAPTION: 

L- Pension Funds Operators Association of Nigeria (PenOp), Oguche Agudah and Kaduna State Pension Bureau, Prof. Salamatu Idris Isah

 

 

By Favour Nnabugwu

 

 

 

Pension Funds Operators Association of Nigeria (PENOP), Mr. Oguche Agudah and the Kaduna State Pension Bureau, Mrs Salamatu Idris Isah will join league of speakers at the 4th Annual Africa Pensions & Retirement Fund Summit brings coming up in Dubai in May, 2023.
The 4th Annual Africa Pensions & Retirement Fund Summit brings together pensions and retirement industry leaders, investors, regulators, policy makers, trustees, academics, subject matter specialists, financial services intermediaries under one umbrella for a 4-day specialist-led deep dive into critical issues impacting the pensions industry across the continent to explore opportunities and provide solutions to these challenges.
The summit is theme: Emerging Markets Investment and Retirement tagged ‘The EMIR Forum’ is scheduled to hold at Fairmont Hotel, Trade Centre, Dubai, United Arab Emirates from 9th – 12th May, 2023.
Facilitators expected the summit include: Wayne Hiller van Rensburg (Pension Matters (Pty) Ltd), Geraldine Fowler (IRFA President), Jacqueline Irving (World Bank Group), ), Robin Ellison (Pinset Masons), Ngatia Kirungie (Spearhead Africa), Csaba Feher (International Monetary Fund), Mike Brown (Exchange Traded Products), Melis Guven (World Bank Group), Amanda Khoza (IRFA – Vice President), Shaimaa Sabry Mahmoud (Telecom Egypt), Himanshi Jain (World Bank Group), Escher Luanda (GIPF), Dharmesh Dayal (Investment Spectrum), Prof. Dana Muir (Robert L Dixon Collage), Chris Brits (Pensions World SA), Nicolas Firzli (World Pension Forum), Semoli Mokhanoi (Mergence Investment Managers
This is a gathering of the leading pension funds, experts in pension funds, investment and economic policy decision-makers.

 

Servicom Awards Sunday Thomas best 2022 CEO

By Favour Nnabugwu
 
Service Compact with All Nigerians a.k.a Servicom has awarded the the Commissioner for Insurance/Chief Executive Officer, National Insurance Commission (NAICOM), Mr. Olorundare Sunday and a Letter of Commendation for Best Supportive CEO on SERVICOM
Thomas bagged the award on December 30, 2022 during the End of Year 2022 Meeting and Awards Ceremony in Abuja.
Olorundare Sunday Thomas appointment as the substantive Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Nigeria became effective April 30, 2020; having been appointed in acting capacity in Aug 2019
Thomas was the Deputy Commissioner in charge of technical matters at the Commission between April 2017 and August 2019. Mr Thomas is a thorough-bred insurance professional with vast knowledge and experience in underwriting, regulation and hands-on management of human and material resources spanning over four decades uninterrupted.
During these years, Mr Thomas had traversed the entire insurance sector in Nigeria leaving indelible marks along the way. It is instructive to note that Mr O. S. Thomas (as widely known) as Director-General of the Nigerian Insurers Association (NIA) between May 2010 and April 2017, brought his experience to bear on the job. It is to his credit that the Association successfully developed and deployed the Nigeria Insurance Industry Database (NIID) platform.
He holds a BSc (Hons) in Actuarial Science and an MBA in Finance both from the University of Lagos. He is also an Associate Member of the Chartered Insurance Institute, London and Nigeria, Member Society of Fellows of the CII London, Member, Nigeria Institute of Management among others.
Mr Thomas is a lover of Tennis and he is happily married with children.
Servicom is an initiative of the Federal Government of Nigeria conceived to promote effective and efficient service delivery in MDAs to ensure customer satisfaction and to manage the performance-expectation gap between Government and citizens as well as other members of the public, on issues of service delivery.
SERVICOM equally gives the public the right to demand good services as contained in MDAs’ Service Charter, One of its goals is to ensure that service takers understand their rights to public services, the service standards they should expect and how to demand for that service or speak up where it is deficient or lacking.
SERVICOM, is a solemn compact as well as an institutional mechanism conceptualized to fight against service failure by ensuring that organs of government in Nigeria deliver to citizens and other residents in the country, the services to which they are entitled to.