Cornerstone Insurance Plc gets NEW GMD/CEO

by Free Insurance advice on September 20, 2012 · 2 comments

in FAQS on Insurance, General, Insurance in Nigeria, Insurance Industry Trends, Latest Insurance News

The National Insurance Commission (NAICOM) has approved the appointment of Mr Ganiyu Musa as the Chief Executive Officer of the Company with effect from April 26, 2012.

According to the statement by the company, this followed the expiration of the contractual technical partnership agreement between Plc and TA Holdings of Zimbabwe which produced the former MD, Livingstone Magorimbo.

Musa is a highly experienced management professional with diverse wealth of experience in insurance, reinsurance, audit, consulting, business advisory and financial management.

Prior to joining Cornerstone, he worked at African Reinsurance Corporation for 19 years, holding key positions including Director of Finance & Accounts / Chief Financial Officer for 10 years and Deputy Managing Director, Services for 5 years.  He played a lead role in the creation and initial supervision of the risk management function at African Reinsurance Corporation and supervised the design of the Corporation’s investment guidelines and asset allocation. He was also instrumental in the preparatory work and eventual setting up of the African Reinsurance subsidiary in South Africa, where he subsequently served on the Board and Audit Committee. At various times, he served as a member of the investment committee of a $100million private equity fund and chairman of the investment strategy committee of a top 3 Pension Fund Administration company. He left Africa Re in 2011 to join African Capital Alliance (ACA) as Insurance Sector Specialist and a Director on the Board of Plc.

He holds a Bachelor of Science (B.Sc Hons.) degree in Business Administration and Masters in Banking and Finance (MBF) degree , both from the University of Lagos. He is Fellow of the Institute of Chartered Accountants of Nigeria ( FCA) and Member of the Chartered Insurance Institute of Nigeria (CIIN)




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{ 2 comments… read them below or add one }

paramount insurancebroekrs ltd October 5, 2012 at 9:38 am

This is a good work for the industry. Keep it up.


paramount insurancebroekrs ltd October 5, 2012 at 9:40 am

This will help the company to grow.


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