Mr. Wale Banmore
BY NKECHI NAECHE-ESEZOBOR— Following the entrance of new investors into Staco Insurance PLC, the National Insurance Commission (NAICOM) has confirmed the appointment Mr. Wale Banmore, as the new managing director/CEO of the Company.
According to statement released by the company Wale as his popularly called, is a seasoned insurer with over 30 years on the job experience in the insurance industry.
He is undergoing a Ph.D in Strategic Marketing at Babcock University.
He is a graduate of Sociology from the University of Ibadan and holds a Master’s Degree in Managerial Psychology from the same institution.
He is an associate member of the Chartered Insurance Institute of Nigeria (ACIIN); a member of the Africa Insurance Organisation(AIO); a member of the Nigeria and South Africa Chambers of Commerce and an alumni of the Lagos Business School(LBS).
Having worked with several organisations under several capacities between 1992 and 2003, he joined the Royal Exchange group in 2003 and acted in various managerial capacities within the company. He was the Managing Director of Royal Exchange Prudential Life Plc, a subsidiary of Royal Exchange Plc from 2011 to December 4, 2019.
He was appointed as the managing director/chief executive of Royal Exchange Prudential Life, between October 2011 and August 2018.
While in December, 2019 was further appointed as the group managing director of Royal Exchange Plc, in December, 2019
Between April 2021 and May 2022 he was appointed to midwife the proposed microinsurance subsidiary of Bosak Group as the managing director/CEO, the position he held before his recent appointment in Staco.
