By Dipo Olowookere
On Tuesday, October 27, 2020, foremost underwriting firm, African Alliance Insurance Plc, held its 51st Annual General Meeting (AGM).
The event was held in line with regulatory compliance and it gave room for the board of directors to present to participants, including shareholders physically present and those who joined online, the 2019 financial statements of the company and state what should be expected in the current fiscal year.
Information gathered by Business Post indicated that shareholders of the insurance company were impressed with the strategies adopted by the board and management to deliver value to their investments and this made it easy for the resolutions presented by the board to be passed.
Some of the faces at the event were the Mrs Joyce Ojemudia, the Managing Director/CEO of African Alliance Insurance; Dr Anthony Okocha, Chairman of the company; Mrs Olabisi Adekola, Executive Director, Finance; Ms Alice Uwodi, Head, Administrative Services; Mr Steve Ajudua, General Manager, Business Development; Mr Bode Raji, Head, Finance; and Mr Sylva Ogwemoh (SAN), non-executive director.
Others were Sir Sunny Nwosu, National Leader Emeritus, Independent Shareholders Association of Nigeria (ISHAN); Mr Anthony Omojola, National Leader of ISHAN and Mr Cyril Ajagu, a core investor.
African Alliance, incorporated in 1960, is a leading life insurer with over 20 branches and sales outlets servicing over 50,000 customers nationwide.
Over two months ago, the company was awarded the ISO 22301:2012 certificate for Business Continuity Management (BCM).
The certificate, which was awarded by the Professional Evaluation and Certification Board (PECB), signifies that African Alliance has met the requirements for BCM.
ISO 22301:2012 is a globally recognised Business Continuity management standard developed and published by the International Standards Organization (ISO).
This standard provides a model that organisations of all types and sizes can use in building an effective Business Continuity System.
ISO 22301 specifies the requirements for a management system to protect against, reduce the likelihood of and ensure a business recovers from disruptive incidents.
