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African Alliance Insurance coverage Plc has appointed Alexander Nwuba because the non-executive director of the insurer.
In keeping with a disclosure filed to The Change, the appointment has been authorised by the Firm’s Main Regulator, the Nationwide Insurance coverage Fee (NAICOM).
The insurer believes his mixture of expertise, experiences and particularly, know-how management will expectedly carry important profit to the corporate and the business because it navigates an evolving and extra technology-driven enterprise panorama.
What you need to find out about Alexander Nwuba
- Dr. Alex Nwuba joined African Alliance Insurance coverage Plc from a UAE primarily based non-public fairness group the place he was answerable for the Group’s African funding portfolio and advisory providers, advising each company and authorities purchasers.
- He comes from an intensive company management background throughout a number of sectors together with oil and gasoline, aviation, telecommunications, monetary providers, fee methods, and know-how, serving on numerous intergovernmental technical committees.
- He additionally served on the worldwide boards of organizations such because the ATM Business Affiliation Worldwide (ATMIA), Smartcard Society of Nigeria (Founding Board), Nigerian Financial improvement Discussion board (NEDF) and West African Fee Integration Committee WAMZ/WAMU (Technical sub-committee).
- He holds a doctorate diploma in Enterprise Administration from the Swiss Faculty of Enterprise and Administration, Geneva.
- He’s a Fellow of the Institute of Skilled Managers and Directors of Nigeria (IPMAN) and the Institute for Journey Professionals of Nigeria (ITPN)
The corporate reported a lack of N1.2 billion in 2021, an enormous slide from the N5.7 billion revenue which was reported within the earlier 12 months. Equally, its gross premium earnings was N7.2 billion in the course of the 12 months.
The online underwriting earnings for the interval was valued at N4.8 billion whereas the web underwriting bills was N774 million, influencing a internet underwriting revenue of N6 billion.
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