STACO Insurance Plc has appointed Mr. Olawale Banmore as the new Managing Director of the company.

In a statement, the company said that Banmore is a Chartered Insurance professional with over 21 years in the insurance industry both in life and general insurance business.

Before his appointment, Banmore was the Group Managing Director of Royal Exchange Plc between 2018 and 2020. He was also Managing Director/Chief Executive of Royal Exchange Prudential Life between 2011 and 2018.

He was also Head, Technical Services Division of Royal Exchange General Insurance.

“With diverse experience in technical Services, branch and regional operations, marketing and executive management, Banmore is an accomplished executive with exposure in operations, profits and loss oversight, multichannel product and service marketing,” the company stated.

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