NAICOM approves MD for Custodian & Allied Insurance Ltd

The Insurance regulator, the National Insurance Commission (NAICOM) has approved the appointment of Olatoye Odunsi as the managing director of Custodian & Allied Insurance Limited. Toye is an Insurance graduate of the University of Lagos and started his career with Financial Assurance Company Ltd in 1989. He is also an alumnus of the Senior Management Programme of the Lagos Business School and Wharton AMP University of Pennsylvania.

Toye started his career with Financial Assurance Company Ltd in 1989. He was a foundation staff of Cornerstone Insurance Plc in 1991 where he rose to the position of Deputy General Manager, before leaving to set up Signal Insurance Company Ltd in 2002 as the Managing Director. He held this position until the merger with Custodian & Allied Insurance Plc in 2006.

Toye was seconded to Crusader General Insurance Company Ltd as the Managing Director to represent the interest of Custodian & Allied Insurance. He also acted as the Group Managing Director for Crusader Nigeria Plc briefly.  He currently serves as the Managing Director of Custodian & Allied Insurance Ltd.