Law Union & Rock gets NAICOM approval on new board of directors

Underwriting firm, Law Union & Rock Insurance Plc has received the approval of the National Insurance Commission (NAICOM) of its new board of directors recently appointed by the company.

A statement signed by Bolaji Akerele, head, research, strategy and corporate communications

disclosed the new directors as Eric Idiahi, Abayomi Onifade, Subulade Giwa-amu, Ije Onejeme, Umaru Kwairanga, and Livingstone Mogarimbo.

Retained on the board were Ademayowa Adeduro, managing director, and Supo Sogelola, executive director, technical & operations.

New Chairman, Eric is a cofounder and partner of Verod Capital Management Limited. Before founding Verod Capital, Eric was the co-founder and managing partner of Fountainhead Media Group, an investment and advisory firm focused on the technology, media and telecoms sector in Nigeria.

He also serves as Director of Tangerine Life Insurance, AXA Mansard Pensions Limited, Central Securities Clearing Systems Plc, Emzor Pharmaceutical Industries Limited, Greensprings School Limited and Lancaster University Ghana.

Onifade has over the last 16 years, being an integral part of the team that built one of Nigeria’s largest and fastestgrowing non-bank financial services groups Axa Mansard.

He actively built a Group, which today has segmentleading status in Life and Health Insurance as well as Asset Management with gross revenues of approximately $120m.

Giwa-amu is a result-oriented Chief Executive with a strong business turnaround track record garnered from over 25 years in Financial Services, Real Estate Investment & Development, and Business Process Re-engineering across the West African sub-region.

Kwairanga, the Sarkin Fulanin Gombe holds a B.SC (Hons) in Business Administration; MBA from the University of Maiduguri and M.SC Finance & Governance from Liverpool John Moores University U.K (LTMU) Liverpool United Kingdom. He is a fellow of the Institute of Directors (IOD), Certified Pension Institute of Nigeria (CPIN) and Chartered Institute of Stockbrokers of Nigeria.

Jackson is currently the executive director, technical & operations at Tangerine Life. An astute underwriter with over 20 years’ experience in the insurance industry, she was once the head, insurance services (Nigeria) at Alexander Forbes, and head, Actuarial Service at Leadway Assurance Company Limited.

Mogarimbo on his part has more than 20 years’ experience in the insurance industry, ranging from life insurance,