The board of directors of Law Union and Rock Insurance Plc has appointed Mr Segun Ilori, Executive Director (Fin & Admin) of the company as acting managing director following the resignation of the Mr Olumide Falohun.

Air France will compensate through its insurers the families of the victims of a June 1 crash in which 228 people died, the company’s chief executive said on Friday.

Elections into Govern ing Council of the Nigerian Insurers Association may be assuming a battle dimension at the association’s 38th Annual General Meeting as Mr. Godwin Odah, Managing Director/CEO Union Assurance Company Ltd. will lead three others to contest for three vacant seats on Thursday.

Custodian & Allied In surance Plc have announced a profit after tax of over N1.5 billion in its 2008 financial results. This is contained in its current annual reports released last week at the Annual General meeting. Of the total net profit, about N840million or 17kobo per share was paid out as dividend to shareholders.

THE Chartered Insurance Institute of Nigeria CIIN has installed a new executive team for the Delta State Branch of the Institute headed by Mr Leke Ojabanjo as the chairman.

THE Chartered Insurance Institute of Nigeria (CIIN) was also last weekend installed Mr Sunny Adeda as institute’s 43rd President in the 50 Years of its existence. Mr. Sunny Adeda, takes over the mantle of leadership from Mr. Adeyemo Adejumo. Mr Sunny Oberuomor Adeda born 53years ago is from Ughelli, Ughelli North Local Government, Delta State, Nigeria.

A customer of Ecobank, Rasheed Olanrewaju Adekanbi has been announced winner of a Sports Utility Vehicle (SUV) in the bank’s Detail Update Promo.

Savannah Bank of Nigeria Plc has promised all stakeholders that it will ensure a speedy conclusion of the necessary processes that are required to re-open the bank to the general public.

The newly appointed Managing Director of First Bank PLC, Mr. Stephen Onasanya, will at the Nigerian- British Business Day, Tuesday, deliver an annual lecture tagged “Access to capital in the wake of global meltdown”
The event will hold at the Eko Hotel & Suites, Victoria Island, Lagos.

The Nigerian Civil Aviation Authority (NCAA) has expressed satisafaction at the high compliance level of airlines to the agency’s directive to refleet with new and more modern aircraft to enhance safety.