Insurance

Lasaco names Razzaq Abiodun new managing director

Abiodun

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Chuks Udo Okonta

The Board of Directors of Lasaco Assurance Plc., has appointed Razzaq Abiodun as the new Managing Director/Chief Executive Officer, of the underwriting firm

The appointment followed the retirement of the firm’s former managing director, Segun Balogun, who retired from the company effective from May 29, 2021.

This was disclosed in a notification that was signed by the firm’s secretary/legal adviser, Gertrude Olutekunbi and sent to the Nigerian Exchange Group Plc.

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.

He 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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