Lasaco Assurance Plc has announced the appointment of Ademoye Shobo as its Managing Director, effective February 06, 2026, reinforcing the company’s leadership structure and continuity.
In a statement today, the company disclosed that the National Insurance Commission (NAICOM) has approved his appointment
The appointment reflects the company’s confidence in a leadership transition supported by institutional knowledge, operational discipline, and technical depth, ensuring stability across key business functions.
Mr. Ademoye Shobo has held leadership responsibilities across audit, technical operations, underwriting, claims administration, and marketing functions within Lasaco Assurance Plc. Over the course of his career, he has supervised compliance enforcement across departments and branch networks, managed claims administration and general underwriting activities, and coordinated marketing operations across key markets.
He has also served in senior management roles with oversight responsibility for technical operations, enterprise risk functions, and underwriting performance, contributing to operational discipline and governance consistency across the organisation. Prior to his appointment, he held the position of Executive Director (Technical), where he supervised core underwriting and risk management responsibilities.
Mr. Ademoye Shobo is an Associate Member of the Chartered Insurance Institute of Nigeria (ACIIN) and has participated in various professional development programmes locally and internationally, further strengthening his technical and leadership capacity within the insurance profession.
With over three decades of experience within the organisation, his appointment signals continuity in governance, deep institutional understanding, and a leadership model grounded in operational experience. As Managing Director, the company reaffirmed its confidence in his ability to advance Lasaco Assurance Plc’s strategic priorities, reinforce risk management frameworks, and sustain disciplined growth in alignment with evolving industry reforms.
The appointment underscores Lasaco Assurance Plc’s commitment to strengthening its leadership architecture, positioning the company for enhanced competitiveness and long-term value creation within Nigeria’s insurance sector.
