Custodian and Allied restructures

Custodian and Allied Plc, an amalgamation of Custodian and Allied Insurance Plc and Crusader Nigeria Plc, has announced the restructuring of the organisation.

According to a statement from the company’s head of directorate, administration & corporate affairs, Olubunmi Aderemi, the reform involves integration of skills, information technology, harmonisation of products and services, and back office processes.

Consequently, she said the company had to reassign and release some employees who were due for retirement, to ensure a perfect fit for the various job portfolios. She added that those retained will be properly integrated into the company and will benefit from the restructured remuneration.

The reorganisation, which is coming on the heels of legal approvals of merger between the duos by the regulatory authority, the National Insurance Commission, she explained, will be of advantage to customers.

She noted that all affected personnel will be duly compensated with their respective entitlements.