LAGOS Chamber of Commerce & Industry (LCCI) has honoured Custodian And Allied Insurance Limited as the ‘Insurance Company of the Year’ at its recent annual award ceremony held in Lagos.
Mr Larry Ademeso, Managing Director, Custodian Life Assurance Limited who received the award on behalf of the company thanked the council and management of LCCI for considering them worthy of the award.
He said the award would further propel them to improve their services to their various clients in a bid to enhance their financial performance for the benefit of their shareholders and other stakeholders in the insurance industry.
Mr Ademeso was accompanied by other senior executives of the company which included Mrs ‘Bunmi Aderemi, CEO, Custodian Social Responsibility Foundation and Mr Edeki Isujeh, Executive Director/Chief Underwriting Officer, Custodian And Allied Insurance Limited.
Others were Mr Larry Ademeso, MD, Custodian Life Assurance Limited and Mr Ngozi Nlebemuo, Executive Director, Custodian Life Assurance Limited.
The Managing Director who gave a brief profile of the company said, “Custodian and Allied Limited is a holding company with leading specialist companies and brands including Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Custodian Trustees Limited and Crusader Sterling Pensions Limited; all rendering best in class services in its versatile fold.”
“The company is managed by a board of directors comprising thorough bred professionals with proven track records in their various fields of endeavours, who bring broad and deep insights derived from several years of fruitful and eventful years of experience to bear,” the MD said.
Ademeso said the Custodian group current asset base was in excess of N69.8 billion, adding that with a gross written premium of more than N25.7 billion, the group sits comfortably within the top bracket of eminent players in Nigeria’s other financial services sector of the Nigerian Stock Exchange (NSE), the citadel of capitalism in Nigeria.
The group’s sole purpose is to develop, package and deliver innovative insurance products that best satisfy customer needs, whilst operating a highly profitable, efficient, resourceful and ethical organization that will survive well into the future and be a valuable asset to its shareholders. Its vision is to become the African insurer of choice while its mission is to develop, and deliver innovative insurance products that best satisfy customer needs, whilst operating a highly profitable, efficient, resourceful and ethical organisation. The company’s goals are to position itself strategically in the market and are perceived as a modern, dynamic and resourceful underwriter as well as to strike a fine balance between the businesses of sound underwriting, cost control and service on one hand and investment on the other among others.