An underwriting firm, Consolidated Hallmark Insurance, has appointed Mary Adeyanju, as its Managing Director, following the confirmation of the National Insurance Commission (NAICOM).

The insurer also appointed Katherine Itua as Executive Director, Finance and Investments, as well as Jimalex Orjiako, as Executive Director, Operations to drive the operation of the company efficiently in the new year.

Speaking on the new appointments, at a media briefing held in Lagos, the Group Chief Executive Officer, Consolidated Hallmark Holdings Plc, Eddie Efekoha, said the appointments of the trio took effect on January 1, 2024. Efekoha also said the plan to operate a holding structure precedes the 10-year tenure limit policy of the insurance industry.

According to him, the tenure limit allows a succession plan in the industry such as a managing director or an executive director does not leave a vacuum.

He noted that the firm had planned its succession by restructuring into a HoldCo with four subsidiaries long before the regulator came up with the tenure limit policy. He said the company is always proactive in operations as it seeks to become one of the leading insurers in the country.