NAICOM Approves Durus’ Appointment as Old Mutual General Insurance new Technical Director
The National Insurance Commission has ratified the appointment of Mr. Japhet Duru as the Executive Director, Technical, Old Mutual General Insurance Company Nigeria.
Duru, by the virtue of his appointment would oversee the operations department of the organisation with a view to bolstering its underwriting operations and maintaining prompt claims settlement.
According to the company, “Duru, an Economics graduate of the Imo State University, started his career at Valid Insurance Limited. Prior to joining Old Mutual General Insurance, he served as the General Manager/Chief Operating Officer at HIERS Insurance Brokers Limited.
“Duru has also held various senior management positions such as Head of Underwriting at KBL Insurance Limited; Group Head, Technical, International Energy Insurance Limited; and Head of Operations at Stanbic IBTC Insurance Brokers Limited.
“Duru also holds a Master’s degree in Finance from the Lagos State University and is a Fellow of the Chartered Insurance Institute of Nigeria.”
Old Mutual Nigeria is part of the Old Mutual Group which provides life assurance, asset management, banking and general insurance to more than 16 million customers in 34 countries across Africa, the Americas, Asia and Europe.
Old Mutual has been operating in Nigeria since March 2013, having acquired the majority stake in Oceanic Life Assurance Company. In January 2014, Old Mutual also acquired a majority stake in Oceanic General Insurance Limited thereby offering both life and general insurance solutions tailored to meet unique individual and corporate client’s circumstances.
Old Mutual’s ambition is to become a top financial services company in Nigeria.
Old Mutual Nigeria consists of a Life Assurance and General Insurance business and provides a wide spectrum of insurance solutions tailored to meet unique individual and corporate clients’ circumstances.
A leading financial institution offering a range of investment, savings and insurance solutions.
