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Custodian and Allied Restates Commitment, Receives LCCI Award

Goddy Egene

Custodian and Allied Plc has restated its commitment to develop, package and deliver innovative insurance products that best satisfy customer needs while operating a highly profitable, efficient, resourceful and ethical organisation.

The Managing Director, Custodian Life Assurance Limited, a subsidiary of Custodian and Allied Group, Mr. Larry Ademeso, restated the commitment while receiving the ‘Insurance Company of the Year’ award.

The award was given by the Lagos Chamber of Commerce & Industry (LCCI) at its recent annual award ceremony in Lagos.

Ademeso thanked the council and management of LCCI for considering them worthy of the award, saying the award would further propel them to improve their services to their various clients in a bid to enhance their financial performance for the benefit of their shareholders and other stakeholders in the insurance industry.

The MD, who gave a brief profile of the company said: “Custodian and Allied 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 records 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,” he added.

According to him, the Custodian and Allied Group’s current asset base is 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).

“The company’s vision is to become the African insurer of choice while its mission is to develop, and deliver innovative insurance products that best satisfy customer needs, whilst operating a highly profitable, efficient, resourceful and ethical organisation. Its goals are to position itself strategically in the market and are perceived as a modern, dynamic and resourceful underwriter as well as to strike a fine balance between the businesses of sound underwriting, cost control and service on one hand and investment on the other among others,” he said.

Ademeso was accompanied by other senior executives of the company, which included CEO, Custodian Social Responsibility Foundation, Mrs. ‘Bunmi Aderemi, and Executive Director/Chief Underwriting Officer, Custodian and Allied Insurance Limited, Mr. Edeki Isujeh, and Executive Director, Custodian Life Assurance Limited, Mr. Ngozi Nlebemuo.