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  • Companies
  • Updated: September 06, 2023

Cornerstone Insurance Appoints New MD

Cornerstone Insurance Appoints New MD

The appointment of Stephen Alangbo has been announced by the board of Cornerstone Insurance Plc as its new Managing Director/Chief Executive Officer (CEO), effective July 1.

This was announced by Segun Adebanji, Chairman, board of the insurance company at the firm’s 2023 Annual General Meeting (AGM) in Lagos.

Adebanji said that the board also approved the appointment of Peter Ekwueme as the Executive Director (ED), Technical Operations of the insurance company.

According to him, Alangbo succeeded Ganiyu Musa, the out going  Group Managing Director of the underwriting firm, following the expiration of his tenure.

“Following compliance with the succession policy of the company and the National Insurance Commission’s (NAICOM’s) circular on CEO’s tenure, the board approved the new appointments.

“The approval of NAICOM has been obtained for the appointment. The appointment articulates our commitment to deliver positive results to our  shareholders and employees, even as we strive to return greater value to our customers,” he said.

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