Insurance World

NAICOM Name Abidogun As Substantive MD/CEO Of Guinea Insurance

Abidogun

National Insurance Commission (NAICOM) has approved the appointment of Ademola A. Abidogun as the substantive Managing Director/Chief Executive Officer of Guinea Insurance PLC.

The approval came in a letter dated 8th November 2019, captioned “Final Approval to Appoint Mr. Ademola A. Abidogun as the Substantive Managing Director/CEO of Guinea Insurance PLC.

In a statement by the Chairman, Board of Directors of the company, Barr. Godson Ugochukwu “ Mr. Abidogun brings to Guinea Insurance PLC, 24 years experience in providing strategic and operations leadership in uniquely challenging situations in the insurance industry.” He is a seasoned professional with inestimable depth and wealth of technical experience acknowledged industry-wide. His combined expertise in marketing, insurance broking, underwriting/claims administration, oil and gas, banking, telecoms, reinsurance, product development, business risk advisory, special risks and strategic planning, offer a formidable springboard for relaunching the Company’s propensity to act and hence, develop and implement sustainable plans for long-term growth and shareholder value creation. Prior to his appointment, Ademola had championed the affairs of many companies in the insurance industry; the most recent being: Fin Insurance Company Limited, where he served as Executive Director, Technical/Operations and Ag. Managing Director. In Cornerstone Insurance PLC, he pioneered the Bancassurance/Retail team as Assistant General Manager. He holds a Master of Science degree in Business Administration from Rivers State College of Science and Technology (2007); He is an alumnus of the prestigious London and Lagos Business Schools as well as the University of Texas. As an erudite insurance professional; he has attended numerous management courses and seminars both locally and internationally.

In a related development, the 61st Annual General Meeting of the Company holds on Wednesday, November 20, 2019 in Uyo, Akwa Ibom State; and as consistent with the conduct of annual general meetings, Mr. Ademola Abidogun’s appointment as Managing Director/Chief Executive Officer, will be ratified following the resolution by shareholders of Guinea Insurance PLC at the forthcoming annual general meeting.

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