NAICOM Confirms Samuel New NICON MD | Independent Newspapers Limited
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Business, Insurance

NAICOM Confirms Samuel New NICON MD

Posted: Jul 9, 2015 at 12:32 am   /   by   /   comments (0)

The National Insurance Commission (NAICOM) has confirmed the appointment of Bayode Samuel as the Managing Director/Chief Executive Officer of NICON Insurance Limited.

The confirmation was conveyed in a letter addressed to the Chairman of the Board of Directors of NICON and signed by Pius Agboola, Director (Authorisation and Policy) on behalf of the Commissioner for Insurance.

NICON’s Senior Manager (Corporate Affairs), Ade Adesokan, said Samuel’s appointment was part of the Board resolution and firm desire to reposition the company for better service delivery to its esteemed customers and members of the public.

He said the new NICON boss is poised to re-establishing the presence of the organisation as a value creating world class player in the insurance market by delivering superior financial performance to all its shareholders.

Samuel, a technocrat and insurance professional of over 30 years experience, was until his new appointment the Executive Director (Technical) of the company.

He was also the former Chief Operating Officer (Branch Acquisition, Network and Operations) of the company.

Samuel started his insurance career in 1984 with the Leadway Assurance Company Limited, where he rose to become the Head of Pensions Department in 1992 before joining Industrial and General Insurance Plc as pioneer Head of Life and Pensions Division.