By Favour Nnabugwu

Leadway Assurance Company Limited has announced a significant leadership transition.

Mr. Gboyega Lesi has been appointed as the Acting Managing Director, effective January 1, 2024, subject to regulatory approval from the National Insurance Commission (NAICOM).

The decision, driven by NAICOM’s guidelines on executive tenure limits, reflects Leadway Assurance’s commitment to upholding the highest standards of corporate governance.

The Board of Directors expressed confidence in Mr. Lesi’s leadership capabilities, emphasizing his nearly three decades of industry expertise and collaboration with outgoing Managing Director, Mr. Tunde Hassan-Odukale.

Tunde Hassan-Odukale, acknowledging the transition, stated, “I am confident in Gboyega Lesi’s leadership, and I believe his expertise and experience in the industry will be instrumental in steering the company towards continued success and growth across the West African insurance market.”

Mr. Lesi, a seasoned professional with over 25 years of experience in the Nigerian insurance industry, expressed his honor in assuming leadership during a pivotal time for the company. He emphasized a commitment to sustaining the company’s values, customer-centric culture, and delivering excellence.

Simultaneously, Leadway Assurance announced the appointment of Mrs. Oluwafunmilayo Amanwa as the Executive Director, Technical & Operations, following the exit of Ms. Adetola Adegbayi.

According to the board, this move, also subject to regulatory approval, aligns with the company’s dedication to seamless succession planning and achieving best-in-class underwriting excellence and operational efficiency.

Oluwafunmilayo Amanwa, with 17 years of proven industry experience, is seen as a valuable addition to Leadway Assurance’s leadership team. Her expertise encompasses contractual agreements, underwriting, claims, reinsurance, and risk management.

This leadership transition underscores Leadway Assurance’s commitment to providing innovative insurance solutions and fostering continuity in its mission and values.

As the industry undergoes dynamic changes, these appointments signal a strategic evolution for Leadway Assurance, positioning it for sustained success in the ever-evolving insurance landscape.