Royal Exchange Restructures For Better Performance

Yemisi Izuora
The Royal Exchange Plc, has appointed Mr. Benjamin Agili as the Managing Director/Chief Executive Officer (MD/CEO) of Royal Exchange General Insurance Company (REGIC), following the confirmation of his appointment by the National Insurance Commission, (NAICOM).

Announcing the appointment, the Chairman, Board of Directors, Royal Exchange Plc, Mr. Kenneth E. Odogwu, said that the Mr. Agili, with his extensive experience and knowledge of the insurance industry, will seek to drive the continuous growth and profitability of Royal Exchange General and make the company a market leader in general insurance business in Nigeria.

Agili, as the new Managing Director of Royal Exchange General Insurance Company, will oversee the continued growth and expansion drive of Royal Exchange General, as the company seeks to be amongst the top five general insurance companies operating in Nigeria.

Agili holds a Higher National Diploma (HND) in Building Technology from Institute of Management and Technology, Enugu and a Masters in Business Administration (MBA, Financial Management) from Lagos State University, Ojo, Lagos State.

He worked briefly as a Project Manager with Savannah Enterprises Limited before he joined the insurance industry as a Superintendent with UNIC Insurance Plc, rising through the ranks, culminating in his appointed the Area Manager, Eastern Operations in 2000.

He joined Royal Exchange Assurance Nigeria Plc, (as it was then known) in 2003 as an AGM Eastern Operations and later elevated to Regional Director, East in 2007.

At Royal Exchange General Insurance Company (REGIC), Mr. Agili was appointed Deputy General Manager/Head, Business Development with direct responsibility for generating new business for the company, nationwide, before he was appointed the Director, Southern Directorate and later, Director, Lagos & Western Directorate in January, 2015.

Agili, is well exposed and trained, having attended several courses, seminars and workshops within and outside Nigeria. He is an alumnus of the famous Swiss – Re Insurance Training Centre, Zurich, Switzerland. He is a Fellow, Chartered Insurance Institute of London (FCII), and the Insurance Institute of Nigeria (FIIN).

It would be recalled that in January, 2016, Royal Exchange Plc also announced the appointment of Alhaji Auwalu Muktari as the Ag. Group Managing Director, as well as that of Mr. Francis Okoli as the Group Chief Financial Officer respectively.

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