LASACO ASSURANCE PLC Company Profile

LASACO ASSURANCE PLC

Lasaco Assurance Plc was incorporated on 20th December 1979 under the Companies Decree of 1968. It was granted License on the 7th July 1980 and Commenced operations on 1st August 1980 with an authorized and fully paid-up share capital of N500, 000.00.
 
 
The company then changed its name to LASACO Assurance Plc in July 1988 in compliance with Decree No. 25 of 1988.
 
The company became a Public Limited Liability Company (Plc) in 1991. Then in 2007 Recapitalization to transact Life & Non-Life with Assets of N8.26b commenced.
The company has two subsidiaries, which are
 LASACO Life Ltd, LASACO Properties Ltd.
 
AWARDS
2012- First Insurance Company to earn the ISO Certification: NIS ISO 9001: 2008 (Quality Management System).         Presented by the Standard Organization of Nigeria. (SON).
2008-         2nd Lagos Enterprise Award; Insurance Company of the Year
2008-         GOLD AWARD; to LASACO Assurance plc in recognition of corporate commitment to Insurance Professional Development at the 2008 professional’s forum. - Presented by Chartered Insurance Institute of Nigeria.
2008- BRONZE AWARD; to LASACO Assurance plc in recognition of Corporate International Education Conference and Exhibition     -Presented by Chartered Insurance Institute Nigeria.
2008-         Award; Presented To LASACO Assurance Plc. on Special Recognition Of The Year (Insurance Category) ASISAN 10th Year Anniversary.
2005- Award; Presented To LASACO Assurance Plc For Contributing Towards The Development Of Tennis. Presented by the Local Organizing Committee Governor’s Cup 2005.
2005- Award; for Contribution and Support of the Annual Governor’s Tennis Tournament for Men and Women       The Local Organizing Committee of the Tournament.
2004 -Award; for Contribution and Support of the Annual Governor’s Tennis Tournament for Men and Women       the Local Organizing Committee of the Tournament.
2002- Insurance Leadership Award; presented by the Pearl Awards.
2001-         Award; for Contribution and Support of the Annual Governor’s Tennis Tournament for Men and Women         Nigeria Tennis Federation.
2001 Top 15 Achievers Award; NAICOM
2001- Sectorial Leadership Award; in Insurance presented by the Pearl   Awards.
2000-         Award; for Contribution and Support of the Annual Governor’s Tennis Tournament for Men and Women  presented by   Governor’s Cup Local Organizing Committee.
2000/1999- Highest Dividend Cover Award; presented by The Pearl Awards.
1992 -13th Annual President’s Merit Award; for 1991 Financial Year (1st Tier Securities Market Sector)  The Nigerian Stock Exchange.
1990 – Award; of Excellence for Contribution and Development in the Financial Industry in Nigeria presented by          PROBE Communication Limited.
 

BOARD OF DIRECTORS
Olateji Phillips - Chairman    
Akinola Odusami -Director   
Sani Ndanusa - Director
Akin Doherty - Director                
Jamiu Adio Saka -Director
Segun Balogun - MD/CEO
Rilwan Oshinusi - DMD, Corporate Services        
Abiodun Razzaq  -  DMD, Technical