By Nnamdi Duru
Law Union & Rock Insurance Plc, one of the non-life risks underwriting firms in the country has named Messrs Ajibola Olayinka and Folarin Familusi as non-Executive Directors in the company.
Also, former Director, Mr. Issac Ajana has retired from the board of the company and was replaced by Mr. Seni Kusamotu. The Chairman, Princess Adenike Adeniran, who confirmed this in a statement in Lagos, said the new appointees would help strengthen the board and assist the firm to unlock its enterprise value as well as ramp-up the ongoing transformation in the company.
Olayinka, a fellow of the Institute of Chartered Accountants of Nigeria (FCA) and member, Institute of Directors (IoD), has 26 years of experience spanning across auditing, accounting and business advisory consulting; financial reporting and controls; banking and financial services; oil and gas controllership; real estate and construction; general and executive management; change management and entrepreneurship.
He was Commercial Director for Globacom operations in Nigeria, Benin and Ghana; Managing Director/Chief Executive Officer of DN Meyer Plc and Executive Director of Honeywell Group.
Familusi is a professional business administrator and is currently the Executive Director, Operations at Swede Control Intertek Limited. He holds an MBA in Finance & Accounting from the University of Kent Canterbury and Bachelor's degrees in Computer Science and Business Administration from the American Intercontinental University, London.
Law Union and Rock Insurance prides itself as having engaged the service of professionals and high caliber of people on its board to strategically guide the company and ensure its management remains effective.
It also had in place governance committee responsible for reviewing and reporting to the board on matters of corporate governance and board composition.
The insurer said it is committed to strongly consolidate on the gains of the past with renewed vigour in the execution of our corporate strategy and strategic initiatives. We will not relent on our efforts towards ensuring high quality customer service. It was recently named winner of the Phillips Consulting Web Jurist Award 2014 as the best in "Website Customer Experience" in the insurance category.
The award was for various website categories covering three sectors banking, telecommunications and the insurance. Law Union emerged as the best in website customer experience; covering customisation, investor information and contact details performance in the insurance industry.
Source: Thisday
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