Royal Exchange General appoints Benjamin Agili as new CEO

Mr. Benjamin Agili, Managing Director, Royal Exchange General Insurance Company (REGIC)

Nigeria’s leading Insurance and Asset Management Group has announced the appointment of Mr. Benjamin Agili as the new Managing Director/Chief Executive Officer of Royal Exchange General Insurance Company (REGIC).

Agili’s appointment was ratified following the confirmation of his appointment by the National Insurance Commission (NAICOM).

Announcing the appointment, the Chairman, Board of Directors, Royal Exchange Plc, Mr. Kenneth E. Odogwu, said that the Mr. Agili, with his extensive experience and knowledge of the insurance industry, will seek to drive the continuous growth and profitability of Royal Exchange General and make the company a market leader in general insurance business in Nigeria.

The new Managing Director will oversee the continued growth and expansion drive of Royal Exchange General, even as the company seeks to be amongst the top five general insurance companies operating in Nigeria.

Mr. Benjamin Agili, holds a Higher National Diploma (HND) in Building Technology from Institute of Management and Technology, Enugu and a Masters in Business Administration (MBA, Financial Management) from Lagos State University, Ojo, Lagos State.

Following his completion of the mandatory Youth Service programme, he worked briefly as a Project Manager with Savannah Enterprises Limited before he joined the insurance industry as a Superintendent with UNIC Insurance Plc, rising through the ranks, culminating in his appointed the Area Manager, Eastern Operations in 2000.

Agili joined Royal Exchange Assurance Nigeria Plc, (as it was then known) in 2003 as an AGM Eastern Operations and later elevated to Regional Director, East in 2007. He then left Royal Exchange to join Insurance PHB as General Manager, Branch Marketing in 2008 and rejoined the company in 2010, following a stint as the Managing Director of an Insurance Services firm.

At Royal Exchange General Insurance Company (REGIC), Mr. Agili was appointed Deputy General Manager/Head, Business Development with direct responsibility for generating new business for the company, nationwide, before he was appointed the Director, Southern Directorate and later, Director, Lagos & Western Directorate in January, 2015.

He has garnered over twenty-five years of cognate Insurance experience cutting across vital areas of Insurance practice such as underwriting, claims, risk management, marketing and branch operations.

Agili, is well exposed and trained, having attended several courses, seminars and workshops within and outside Nigeria. He is an alumnus of the famous Swiss – Re Insurance Training Centre, Zurich, Switzerland. He is a Fellow, Chartered Insurance Institute of London (FCII), and the Insurance Institute of Nigeria (FIIN).

It would be recalled that in January, 2016, Royal Exchange Plc also announced the appointment of Alhaji Auwalu Muktari as the Ag. Group Managing Director, as well as that of Mr. Francis Okoli as the Group Chief Financial Officer respectively.