Insurance association appoints new DG

The Nigeria Insurers Association (NIA) on Friday approved the appointment of Mrs Yetunde Ilori, the former Managing Director of Axa-Mansard Insurance Plc, as its Director-General.

The Chairman of the NIA, Mr Eddie Efokoha, announced the approval at a news conference in Lagos after the council’s meeting.

Ilori succeeded former Director- General, Mr Sunday Thomas, who became Deputy Commissioner of the National Insurance Commission (NAICOM) in March.

NIA said Ilori was the Managing Director of Axa-Mansard for 12 years before her retirement in June.

“During her tenure, Axa-Mansard said she moved the company from 57th position it occupied earlier to one of the topmost insurance companies in Nigeria.”

Efokoha added that the Managing Director, NEM Insurance Plc, Tope Smart was appointed as the association’s Deputy Chairman.

“The Managing Director, Cornerstone Insurance Plc, Ganiyu Musa, became the Honourary Treasurer while the Managing Director, Standard Alliance Insurance Plc, was appointed Assistant Honourary Treasurer.’’

Efokoha said their appointments took immediate effect and would be ratified at the association’s next Annual General Meeting (AGM).