Business
Standard Alliance Insurance Gets New Management
By GWG Business Correspondent
Following the successful acquisition of 24% controlling shareholding in Standard Alliance Insurance Plc by Endura Investment Global Limited, Standard Alliance has announced a new management comprising Paulinus Offorzor, Managing Director; Tayo Amore, Executive Director, Technical; Michael Owope, Executive Director/Chief Financial Officer; Remigius Oluoma, Group Head, Technical; Uno Abasiene, Group Head, Marketing and Halima Jimada, Company Secretary/Legal Adviser.
In a New Year message signed by Tayo Amore, the Executive Director Technical, Standard Alliance also announced that payment to annuitants (people who are entitled to collect regular payment of pension or an annuity investment) has commenced and informed policyholders with outstanding claims to visit www.sainsunrance.com.ng or send emails to claims@sainsurance.com.ng for guidance and assistance.
It will be recalled that Endura Investment Global Limited acquired the controlling stake in Standard Alliance following the divestment and exit of the former strategic and controlling shareholders, Standard Alliance Investment Limited led by the founding Vice Chairman Olorogun O’tega Emerhor from SA.
GWG.ng reports that the move by Standard Alliance Insurance is coming as the Nigerian Social Insurance Trust Fund (NSITF) claimed that it has developed a comprehensive programme for the integration of the informal sector into the Employees Compensation Scheme( ECS).
NSITF Managing Director, Oluwaseun Faleye, confirmed this in a statement on Sunday by NSITF General Manager, Corporate Affairs, Nwachukwu Ngige.
Faleye said that the fund would tap into the immense potential of the informal economy in broadening access to its social safety net in line with the poverty alleviation agenda of the Federal Government.
He said that the national economy would benefit greatly if artisans, traders, and other small service providers were brought into the safety net of the ECS.
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