Leadway Assurance Announces Leadership Transitions

Leadway Assurance Company Limited, has announced change in its leadership in line with the regulatory requirements of the National Insurance Commission (NAICOM).

Following NAICOM’s guidelines on tenure limits for executives, the company recently appointment Mr. Gboyega Lesi as the acting Managing Director, effective January 1, 2024.

The company however said the appointment is subject to the requisite regulatory approval from NAICOM.

It said the move is a testament to commitment to sustaining the highest standards of corporate governance and adherence to regulatory directives.

The Board expressed confidence in Lesi’s leadership capabilities, underpinned by his close collaboration with Mr. Tunde Hassan-Odukale the erstwhile Managing Director over the years.

Commenting on the appointment of his successor, Tunde stated, “I am confident in Gboyega Lesi’s leadership, and I believe his expertise and experience in the industry in almost three decades will be instrumental in steering the company towards continued success and growth across the West African insurance market.

He said Lesi, a seasoned professional with a wealth of experience, is well positioned to lead the company into its next phase of growth. His strategic vision and deep understanding of the industry make him an ideal successor to guide Leadway Assurance on its trajectory of sustained success,” Hassan-Odukale added.

Reflecting on his appointment, Lesi said: “It is an honour to assume leadership of this esteemed company during such a pivotal time. Our robust growth over the years is attributed to our values, a customer-centric culture, and an engaging approach that sets us apart.”