Leadway Assurance Company Limited – www.leadway.com

Insurance is a risk transfer mechanism that puts the risks and loss of a person on the shoulders of another with premium. Leadway Assurance Company Limited is an insurance company that is the dominant conglomerate Insurance benefactor in Nigeria.

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Leadway Assurance Company Limited Overview

The Leadway assurance company is one of Nigeria’s chief insurance company. It has a prestige for service competence and clients’ honesty. The company was founded in 1970 by Sir Hassan O. Odukale. It took up business in 1971 and began as a direct motor insurer with an intensity for customer service. The business broadened into other areas of general business until it became a conglomerate company. Now it approves both life and general insurance business.

From a prudent capital base, the company’s monetary capacity grew largely. The company can now boast of approving risks of very high degrees as regards great industries such as the Oil and Gas and other big manufacturing concerns. It also offers associate monetary services like Bond, Fund/Portfolio management, Miscellaneous financial losses and Secured Credit. Currently, it is an active participant in providing good localized security under the local content arrangement of the Oil and Gas industry.

For over 40 years, the company has built a strong influence on integrity, innovative service and prompt claims settlement. It has also honored its approving commitments and has got a reputation of excellence in handling of claims. The prestige which the company enjoys today is by the continuing pursuit of growths, as regards its approvals, finance and service profiles.

The change of the company since 1970 has illustrated the impressive development of domestic insurance service providers. It also stands in the front as an insurer of dignity. Our main values are ISCORE, which means; Integrity, Service, Costumer-focus, Openness, Respect-for-the-individual and Excellence.

Categories of insurance services provided by Leadway Assurance Company

There are different categories of insurance but Leadway assurance company has only three and they are listed below;

  • Personal Insurance
  • SME Insurance
  • Corporate Insurance

Types of Insurance in each category

Personal Insurance:

These are insurance policies for individuals and families. 

  1. Life & Health
  2. Premium Finance
  3. General Insurance
  4. Annuities & Pensions
  5. Savings & Investments

SME Insurance:

These are insurance policies for a sole proprietorship business or small businesses.

  • Suretyship
  • Leadway Boss
  • Agric Insurance
  • Marine Insurance

Corporate Insurance:

These are insurance policies for big firms, corporations, companies and sectors.

  • Motor Insurance
  • Accident Policies
  • Marine Insurance
  • Property Insurance

Notable insurance policies of Leadway

The company has some insurance policies that distinguishes them from other insurance companies, the policies are listed below;

  • Agric Insurance
  • Travel Insurance
  • Premium Finance
  • Leadway Auto Plan
  • Education Protection Plan
  • Leadway’s Personal Annuity Plan

The company’s board of directors

  • Acting Chairman: Mr. Jeremy Rowse
  • Managing Director/CEO: Mr. Oye Hassan-Odukale
  • Director: Mrs Mowunmi Sotubo
  • Director: Eugene Curley
  • Executive Director/Financial Services & IT Systems: Mr. Tunde Hassan-Odukale
  • Executive Director/General Business: Ms. Adetola Adegbayi

Company’s Management

  • Managing Director/CEO: Mr. Oye Hassan-Odukale
  • Executive Director (Financial Services & Systems): Mr. Tunde Hassan-Odukale
  • Executive Director (General Business): Ms. Adetola Adegbayi
  • Divisional Director/Head Life Commercial: Mr. Adebayo Okuwobi
  • Chief Finance Officer: Mr. David A. Onilado
  • Divisional Director/Head ERM: Mr. Temilolu Aduloju
  • Head of Life Business: Mr. Tinashe Muyambo
  • Divisional Director/Head of Technical: Mr. Adetayo A. Adekunle
  • Divisional Director/General business commercial: Mr. Gboyega Lesi
  • Company Secretary: Mr. Sunday Oroleke
  • Head, Human Resources Department: Mrs. Kunbi Adeoti

Leadway company subsidiaries and associates

  • Leadway Hotel
  • Pensure Leadway
  • Leadway Capital & Trusts Limited
  • Leadway Properties & Investments

Profile of Leadway assurance company

  • Name: Leadway assurance company limited
  • Founder: Sir Hassan Odukale
  • Established: 1970
  • Business: Insurance
  • Logo: Camel in sunset
  • Website: www.leadway.com
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