Royal Exchange General appoints Nwachukwu MD

• Published date: 11 January 2023
• Publication title: Nigeria - The Nation

The Board of Directors of Royal Exchange General Insurance Company Limited has appointed Mrs. Ebelechukwu Benedicta Nwachukwu as the Managing Director/CEO of the company.

This followd the confirmation of her appointment by the industry regulator, the National Insurance Commission (NAICOM).

The Chairman, Prince Ike Chioke, made this known at a press conference in Lagos.

He said Mrs. Nwachukwu, with her extensive experience and knowledge of the industry, would seek to drive the growth and profitability of the company and make it a market leader in general insurance in Nigeria, adding that she assumed office December 1, 2022.

The chairman said Mrs Nwachukwu brings close to three decades of versatile and trusted experience to Royal Exchange General Insurance, with a track record of excellence and performance, having previously led two insurance companies in Nigeria.

While expressing confidence in her ability to take the company to even greater heights, Chioke thanked the outgoing MD, Benjamin Agili, for his meritorious service to the company.

Mrs. Nwachukwu is a graduate of University of Benin, Edo State and obtained her Masters of Business Administration from the ESUT Business School.

She is an alumni of London Business School (Executive Education); London and The Columbia Business School, New York; and has attended Executive programmes at the Manchester and Lagos Business Schools.

She started her insurance career at International Standard Insurance in 1994 after the mandatory NYSC and spent an additional year with the firm before joining Standard Alliance Insurance Plc in 1996, as an Officer, Public Sector.

She rose to the position of Assistant General Manager (AGM) before leaving in 2004 to join UBA Insurance Company as Deputy General...