The Industrial and General Insurance Plc. has announced the death in the early hours of Sunday of its Executive Vice Chairman/Chief Executive Officer, Mr. Remi Olowude after a protracted illness.
The Chief Executive Officer it was gathered died in a hospital in the United States.
Olowude, according to a source in the company died from an undisclosed ailment in the US, where he was taken to few weeks after his health deteriorated.
Olowude was elected as the Chairman of the Nigerian Insurers Association, NIA, in 2012 to head the Association for two years but his health condition did not permit him to run the affairs of the body.
IGI has been recording a poor performance in the insurance market as the company failed to submit its financial results to the regulatory authorities in the last two years.
Olowude had his formal education in Economics both at the University of Lagos (1970-73) and the University of Santa Clara, California, United States (1976).
He was also an Associate of the Chartered Insurance Institute of London and had delivered papers at various fora on wide-ranging topics.”
He has a total of 28 years’ experience in Insurance Management.
Source : SunOnline