Frederic Coppin, a Non-Executive Director of AXA Mansard Insurance Plc has resigned from the company’s board, effective Wednesday, November 20, 2019.
The Details: This was announced in a notification issued by the firm to the Nigerian Bourse, and the investing public, signed by Omowunmi Mabel Adewusi, the Company’s Secretary. According to the statement, Coppin’s resignation was unanimously approved by the Board.
The Board also expressed their appreciation to Coppin for his leadership and overall contribution to Company’s growth during his tenure.
Coppin’s Profile: Mr. Frederic Coppin served as Non-Executive Director of AXA Mansard Insurance plc since July 21, 2016. He is a Representative of AAH Pharmaceuticals. He has also served as Chairman of the Board Risk Management and Technical Committee of the Company since July 21, 2016.
In addition, Frédéric Coppin was the Head of P&C Commercial Lines of the International platform in Madrid (Spain) within the AXA Emerging Markets Region. A position he had held since September 2015. Prior to his appointment as Head P&C AXA Emerging Markets Region.
He had worked in various capacities in the P&C Commercial Lines for AXA Companies in the Northern and Eastern regions from October 2000 when he joined AXA France till September 2015.
About the company: AXA Mansard Insurance Plc was incorporated on the 23rd of June, 1989 as a private limited liability company called “Heritage Assurance Limited”. It was issued a composite insurance license by the National Insurance Commission (NAICOM) in March 2004.
The company’s name was changed to Guaranty Trust Assurance Limited in September 2004, following the acquisition of a majority shareholding by Guaranty Trust Bank Plc. Later, the company’s name was changed again to Guaranty Trust Assurance Plc in March 2006.
AXA Mansard Insurance Plc functions as a multi-expert asset management company within the AXA Mansard Group. The company is duly registered by the Securities and Exchange Commission of Nigeria (SEC) as Fund/Portfolio Managers.
In November 2009, the company was listed on the Nigerian Stock Exchange. Guaranty Trust Bank Plc divested from the firm in 2012, following CBN‘s guidelines for banks to either divest from non-banking subsidiaries or form holding companies. Mansard was then bought by Assur Africa Holdings.