By Favour Nnabugwu
Axa Mansard Insurance Plc has appointed Chief Akingbola Akinola SAN, as a Non-Executive Director, senior lawyer and Chairman of the Chartered Institute of Arbitrators Nigeria Branch, has been appointed as a Non-Executive Director of Axa Mansard Insurance Pl
Chief is a senior lawyer and Chairman of the Chartered Institute of Arbitrators Nigeria Branch,
n a July 6, 2023 letter to the Nigerian Exchange Limited (NGX) and the investing public obtained by CITY LAWYER, the company noted that the appointment is in accordance with Section 274 of the Companies and Allied Matters Act 2020 and has been approved by the National Insurance Commission (NAICOM).
Signed by its Company Secretary Omowunmi Mabel Adewusi, the letter stated that “Chief Akinola is an experienced arbitrator and practicing lawyer with considerable experience in corporate and commercial law and a highly skilled advocate with extensive commercial legal advisory experience.
“He was called to the Nigerian Bar in 1987 and admitted to practice as a solicitor and barrister of the Supreme Court of Nigeria. He is an experienced arbitrator and practicing lawyer with considerable experience in corporate and commercial law and a highly skilled advocate with extensive commercial legal advisory experience.
“He was appointed a Notary Public in May 1998, admitted as an Associate of the Chartered Institute of Arbitrators in November 1999 and became a Fellow of the Chartered Institute of Arbitrators in January 2000. He was appointed a Senior Advocate of Nigeria in 2022.
“He is proposed as a Non-Executive Director representing Minority Shareholders in accordance with the NAICOM Guideline on Code of Corporate Governance 2021.”
Mr. Kola Adesina was also appointed to replace the erstwhile Chairman of the leading insurance company, Mr. Olusola Adeeyo who resigned from the Board at the last Annual General Meeting.
Other Non-Executive members of the board include Mr. Mariano Caballerro and Ms. Melina Cotlar.
AXA Mansard is a member of the AXA Group, the worldwide leader in insurance and asset management with 166,000 employees serving 107 million clients in 64 countries.
AXA Mansard Insurance plc is rated B+ by A.M. Best (2016) for Financial Strength. The company is also certified ISO 9001:2008 compliant by the Standard Organisation of Nigeria (SON) for quality management systems.