The Board of Directors of Veritas Kapital Assurance Plc have appointed Kenneth Edore Egbaran as substantive Managing Director and Chief Executive Officer of the company. Egbaran’s appointment came after the resignation of Polycarp O. Didam.
In a notification sent to the Nigerian Stock Exchange (NSE), shareholders, stakeholders and the investing public at large, the insurance company made known that the National Insurance Commission (NAICOM) had approved Egbaran’s appointment.
Consequently, Egbaran’s appointment took effect from Friday, September 6, 2019.
Profile: Kenneth Edore Egbaran is an insurance practitioner with over 30 years of experience spanning reinsurance, underwriting and insurance broking.
He started his career as a Senior Superintendent with the Nigeria Reinsurance Corporation. He was a Marketing Director at A&G Insurance. He also worked with Afribank Insurance Brokers, Mainstream Global Insurance Brokers Limited and Crusader Insurance Limited (now Custodian Insurance Plc).
Before his appointment at Veritas Kapital Assurance Plc, he served as the Managing Director of Goldlink Insurance Plc.
He is an alumnus of the Lagos State University, where he obtained an MBA in 2008. He became an Associate of the Chartered insurance institute of Nigeria and London in 1986 and an Associate of Chartered Insurance Brokers in 2004. He has at various times attended strategic, personnel and risk management courses both locally and internationally.
Edore is bringing his wealth of experience in the various sectors of the insurance industry to bear in Veritas Kapital Assurance Plc.
About the company: Veritas Kapital Assurance Plc is one of Nigeria’s leading insurance companies. Formerly known as Unity Kapital Assurance Plc, the company was incorporated in 1973 as a Private Liability Company under the name, Kano State Insurance Company.
Veritas Kapital offers non-life products and services. The Company provides car, fire, auto, oil and gas, marine, aviation, general accident, engineering, and home insurances.