Naicom Approves Appointment of New MD/CEO

National Insurance Commission (NAICOM) has approved the appointment of Ademola A. Abidogun as the substantive managing director/CEO of Guinea Insurance Plc. The approval came in a letter dated 8th November 2019, captioned “Final Approval to Appoint 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, Godson Ugochukwu“  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.

Extract from The Business Day by Modestus Anaesoronye

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Guinea Insurance has always lived up to its name; consistently one step ahead of the industry in the provision of better and affordable risk management solutions. We are a major player in the provision of first-rate financial risk solutions in the General and Special Risks business underwriting categories. We have established a reputation for exceptional competence in the delivery of customer-centric services and product innovation. With a strong capital base, highly qualified professionals, and modern technology, Guinea Insurance PLC became widely acknowledged for speed and efficiency and thus, remained the preferred insurer for individual and corporate clientele seeking premium insurance and related financial services to date.

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33 Ikorodu Road Jibowu, Lagos.

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