Ancho Insurance Appoints Nsimah Acting MD

The board of Anchor Insurance Company Limited has appointed Mr. Nsimah Jeremiah as the Acting Managing Director/ Chief Executive Officer of the company. The appointment took effect from December 15, 2017.

The company, in a statement to this effect signed by the Head, Brands and Corporate Communications Mr. Jamiu Osoba, said the company’s board, during its recent meeting and in line with its approved succession plan has appointed Nsimah who until the appointment was the Executive Director, Technical of the company as the acting Managing Director and Chief Executive .

This follows the retirement of the former Managing Director of the company, Mr. Mayowa Adeduro, who had meritoriously served the company as Managing Director for the maximum ten (10) years and in compliance with the code of corporate governance directives of the National Insurance Commission (NAICOM).

Nsimah holds a Master Degree in Business Administration from Ambrose Alli University and a Postgraduate Diploma (PGD) from the Nigeria Institute of Journalism, Lagos.

He is also a Fellow of the Chartered Insurance Institute of Nigeria (FCIIN), Fellow of the Institute of Credit Administration and Associate Member of Nigeria Institute of Management (Chartered).

He started his Insurance career with Manilla Insurance Company Limited in Calabar, Cross River State and later joined Nigeria Reinsurance Corporation in 1990; and worked in various technical departments for over 17 years including management of WAICA Reinsurance Pool.

While in Nigeria Reinsurance Corporation, he was extensively exposed to the rudiments of global Insurance and Reinsurance practice including Africa, Asia and Middle East.

He has presented several papers and he is a resource person for the development of Insurance professionals in Nigeria.