AXA Mansard Insurance Plc appoints new director

Axa Mansard Insurance Plc‘s Board of Directors has announced the appointment of John Dickson as the company’s new Non-Executive Director.

According to a public disclosure signed by the company’s secretary, Omowunmi Mabel Adewusi and issued to the Nigerian Stock Exchange, the appointment took effect on March 17, 2020.

Also, in the disclosure, Axa Mansard also informed its esteemed shareholders, stakeholders, and the public about the resignation of its Executive Directors, Mr Yomi Onifade and Mr Sohail Ali from the company and the board effective March 31, 2020.

While Onifade served as Executive Director in charge of the Technical Division overseeing the claims and reinsurance groups in the company, Mr Sohail Ali was responsible for the actuarial and life business.

John Dickson’s profile: Mr John Dickson has over 25 years of insurance experience spanning across risk, actuarial and technical fields.

He is currently the Head of P&C Risk Management at AXA International New Market. Prior to this, he worked at AXA France as Head of Non-Life Risk Management as well as Head of Technical &Financial Department.

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.

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