Business Day (Nigeria)

Leadway Assurance positive about future, 50 years after establishm­ent

- MODESTUS ANAESORONY­E

Leadway Assurance Company Limited, one of Nigeria’s leading insurers has officially unveiled the anniversar­y logo commemorat­ing 50 years of providing exceptiona­l service to Nigerians, while also positive about the future.

The logo unveiling ceremony, toned down to align with social distancing conditions, also saw the flag-off a series of commemorat­ive events to acknowledg­e stakeholde­rs who have contribute­d to its success.

Present to witness the event at the Company’s Corporate Office in Iponri, Surulere, includes Tunde Hassan-odukale, managing director; Adetola Adegbayi, executive director, General Insurance, and erstwhile managing director, Oye HassanOduk­ale and other company executives.

In a message to stakeholde­rs titled, ‘50 and Fluid, A Time for Gratitude’, Tunde HassanOduk­ale thanked stakeholde­rs in the Nigerian insurance ecosystem including clients, brokers, partners, staff, wellwisher­s and the regulator for their contributi­on towards Leadway’s success story.

“The occasion of our 50th anniversar­y is a time for reflection and gratitude. Reflection on the strides, successes, and challenges past; gratitude for the journey so far and the opportunit­ies of the future. Ours started with the dream of a man who wanted to serve.

He knew that to give life to this vision, he would need to work with other people of like minds. …Ever the community man and humanist, our founder, my father, Hassan Olusola Odukale, believed and firmly practiced the saying “if you want to go fast, go it alone; but, if you want to go far, go with others”.

“As excited as we are to celebrate our accomplish­ment in the last 50 years, we do recognize that there is more work to be done to achieve our ambitious goals for Leadway. I have no doubt that with the relentless pursuit of customerce­ntricity, leveraging innovation and digital technology, the next 50 years will be better than the past,” he added.

In 1960, Sir Olusola Hassan-odukale, a textile merchant trading in fabric for suits, shirts, and ties, became the first individual insurance agent for any insurance company in the North of Nigeria. Thus, he began his insurance experience, which would later culminate into him setting up Gaskiya (Hausa word for integrity) Insurance Brokers. In 1970, the brokerage was transforme­d to Leadway Assurance Company Limited, laying the foundation what has now become Nigeria’s leading insurance company. The company commenced operations in the first quarter of 1971.

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