Home Business News Axa Mansard Insurance Plc appoints new Executive Director

Axa Mansard Insurance Plc appoints new Executive Director

-

Axa Mansard Insurance Plc‘s Board of Directors has unanimously approved the appointment of Sohail Ali as the company’s new Executive Director.

According to a public disclosure issued to the Nigerian Stock Exchange, the appointment has also been approved by the National Insurance Commission (NAICOM).

Meanwhile, in a separate disclosure also sent to the NSE, Axa Mansard also informed its esteemed shareholders, stakeholders, and the public about the resignation of Karima Silvent, a Non-Executive Director of the Company.

Silvent’s resignation took effect from Wednesday, May 8, 2019. The resignation was unanimously approved by the company’s Board of Directors.

Sohail Ali’s profile: Mr Ali is a qualified Fellow of the UK Institute of Actuaries, with over 15 years’ experience in consultancy, sales, and operations in the Life, Pensions, and Investment sectors.

He joined AXA Egypt in 2008 and was responsible (at different stages) for managing the P&L of the Life & Savings business, actuarial, compliance, internal audit, legal, risk management, underwriting, and claims functions.

Ali has been appointed as Executive Director overseeing the Actuary Division.

About the company: AXA Mansard Insurance Plc was incorporated on the 23rd of June, 1989 as a private limited liability company called “Heritage Assurance Limited”. It was issued a composite insurance license by the National Insurance Commission (NAICOM) in March 2004.

The company’s name was changed to Guaranty Trust Assurance Limited in September 2004, following the acquisition of a majority shareholding by Guaranty Trust Bank Plc. Later, the company’s name was changed again to Guaranty Trust Assurance Plc in March 2006.

AXA Mansard Insurance Plc functions as a multi-expert asset management company within the AXA Mansard Group. The company is duly registered by the Securities and Exchange Commission of Nigeria (SEC) as Fund/Portfolio Managers.

In November 2009, the company was listed on the Nigerian Stock Exchange. Guaranty Trust Bank Plc divested from the firm in 2012, following CBN‘s guidelines for banks to either divest from non-banking subsidiaries or form holding companies. Mansard was then bought by Assur Africa Holdings.

Axa Mansard Plc is currently trading N1.81 on the floor of the Nigerian Stock Exchange (NSE).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Popular

Domino's Pizza

Domino’s Pizza confirms it has invested over N10 billion in Nigeria

Eat'N'Go Limited's CEO, Patrick McMichale said they have invested over N10 billion in Nigeria. Find out how.
Aliko Dangote

Dangote’s NASCON Allied Industries Plc moves operation from Apapa

NASCON Allied Industries Plc has moved some of its operations away from the  Apapa area of Lagos to Oregun and Port Harcourt.

Messi emerges highest paid Sportsman on earth; here is how

The latest report released by Forbes shows that Lionel Messi of Barcelona claims the top spot with a significant yearly pay of $127 million which covers $92 million salaries and $35 million endorsements.