This was disclosed in a notification that was signed by the
firm’s secretary/legal adviser, Gertrude Olutekunbi and sent to the Nigeria
Exchange Group Plc (NGX).
In the statement, the company disclosed that its former
Managing Director, Mr. Segun Balogun had retired from the Board effective from
May 29, 2021. In a bid to fill the void left by his departure, the Board
announced the appointment of Mr. Razzaq Abiodun who will superintend over
affairs as the MD/CEO, although in an acting capacity.
Mr. Segun Balogun is a financial industry expert with
experience that over three decades of experience. Prior to his appointment as
MD of LASACO Assurance Plc, he was the CEO of FBN General Insurance Limited. He
was also the former MD/CEO of WAPIC Insurance Plc for 13 years.
Balogun is an alumnus of the prestigious University of Lagos
and is a Fellow of the Chartered Insurance Institute of Nigeria. He is an
Associate of the Chartered Insurance Institute of the United Kingdom.
In similar vein, his successor- Mr. Razzaq Abiodun has over
30 years’ experience in the insurance industry with technical expertise in
claims, reinsurance, underwriting and marketing. He worked for a host of
leading insurance companies like the defunct
City Union Insurance, Metropolitian Trust Insurance (now Consolidated
Hallmark), WAPIC Insurance Plc, among others. He joined Lasaco Assurance Plc in
2017 as Executive Director Technical and later became Deputy Managing Director
Technical.
Abiodun is an alumnus of the Lagos State University and the
Ghana Institute of Professional Studies (GIMPA), where he obtained a MBA and
LLB respectively.
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