LASACO Assurance Plc has announced the appointment of Ademoye Shobo as the company’s managing director, signaling a leadership transition at a time the insurer is navigating earnings pressure despite stronger topline growth and a significantly improved balance sheet position.
According to the Nigerian Stock Exchange(NGX), the appointment marks a strategic shift aimed at repositioning the company for profitability and sustained growth within Nigeria’s increasingly competitive insurance market.
“Mr. Ademoye Shobo holds a Bachelor of Science Degree in Chemistry from the Lagos State University in 1988 and Master’s Degree in Business Administration from the Nassarawa State University in 2023. He became an Associate Member of the Chartered Insurance Institute of Nigeria in 1998. He joined Lasaco Assurance Plc in 1993 as an Officer in the Audit Department of the Organization,” the company said in an NGX disclosure.
