By Rosemary Onuoha
LAGOS Chamber of Commerce & Industry (LCCI) has honoured Custodian and Allied Insurance Limited as the ‘Insurance Company of the Year’ at its 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 the company worthy of the award.
He said the award would further propel the company to improve its services to various clients in a bid to enhance its financial performance for the benefit of shareholders and other stakeholders in the insurance industry.
Ademeso, 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 record 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”.
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).