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NAICOM confirms Samuel as NICON MD

The National Insurance Commission ( NAICOM) , the
apex regulatory authority in Nigeria ’ s insurance
market , has named Mr. Bayode Samuel as the
Managing Director / CEO of NICON Insurance Limited .

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

NICON Insurance Limited ’ s Senior Manager
( Corporate Affairs ), Mr. Ade Adesokan, in a
statement , said Mr. Samuel appointment was part of
the Board of Directors ’ resolution and its desire to
reposition the company for better service delivery to
her teeming esteemed customers and the insuring

The NICON boss is poised to re - establishing the
presence of NICON Insurance Limited as a value
creating world player in the Insurance Universe on
more by delivering superior financial performance to
all its stakeholders , he said .

According to him, Mr. Samuel, a renowned 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, he added.

“ Mr. Bayode 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 ” ,
he said .

In 1993, he set up and became the pioneer Managing
Director of First Universal Insurance Brokers , a
subsidiary of Universal Trust Bank of Nigeria (UTB) , a
position he held before his appointment as the Chief
Executive Officer of Jones Simplix & Company
Limited .

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Posted By bobricky On 11:35 Tue, 07 Jul 2015

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