The National Insurance Commission (Naicom) has listed Aiico Insurance Plc, Industrial & General Insurance (IGI) and Standard Alliance Insurance Plc among seven other companies that are yet to submit its 2014 first quarter financial returns to the commission.
In a statement on Thursday, the Corporate Communications unit of the underwriting firm, said the management headed by the Acting Managing Director, Mrs Funke Moore, had successfully completed its mission of repositioning the company for capital raise, hence the restructuring and had ceased to be at the helm of affairs.
“This necessitated the appointment of Mr Edore Egbaran as the new managing director/chief executive officer; Mr Nahim Ibraheem as the chairman of the board; with Messrs Olanrewaju Sulaimon, Adeyinka Olutungase, Farouk Yola and Mrs Tonbofa Ashimi as members of the board,” the statement added.
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