Royal Exchange Reshuffles Management Team For Efficiency

Royal Exchange General Insurance Company(REGIC) has reshuffled its management team for efficiency with the addition of four professionals on its team, reinforcing its commitment to excellence and innovation in the industry.

A statement from the company and made available to LEADERSHIP yesterday, noted that the newly appointed executives bring a wealth of experience and expertise to their respective roles.

To this end, Sunny Uwagboi with a proven track record of leadership and strategic vision, becomes the new Executive Director (ED).

Sunny has over 25 years cognate experience in the insurance industry, Growing through various Business developments roles from entry level to Executive Director, Sunny holds an MBA in Marketing from Lagos State University(LASU), an alumnus of the prestigious Lagos Business School(LBS) , and an Associate Member of the Chartered Insurance Institute of Nigeria(CIIN).

Similarly, Udoka Eze Martins is now the new regional director, Abuja and Northern Nigeria and as the newly appointed regional director for Abuja and Northern Nigeria, Udoka Eze Martins brings a deep understanding of the regional market dynamics.

Udoka joined the insurance industry 22 years ago as a Marketing and Relationship management officer. Prior to joining REGIC, she was the vice president/ Head of the northern region for Heirs General insurance company.

Similarly, Dr. Joyce Odiachi now heads the Technical Services of REGIC. Joyce Odiachi assumes the role of head, Technical Services, leveraging her expertise to enhance the technical capabilities of REGIC.

She is a seasoned insurance practitioner with over two decades’ experience and proven expertise in ethical corporate governance, risk management, strategic business start-up, and relationship management. She started her career as an insurance broker and has since worked with a few top-rated insurance firms where she was fully involved in driving the technical operations, ensuring highest standard of service excellence, system turnaround including development of a claims reserve policy for improved bottom-line.

A graduate of Insurance, she also holds a Doctor of Philosophy (Management) from the University of Lagos, Akoka, Yaba. She is a Fellow of the Chartered Insurance Institute of Nigeria (FIIN) and the Risk Managers Society of Nigeria (FRMN).

Meanwhile, Adeseye Ajibulu currently head, Claims and Technical Risk Management department of the organisation. With a focus on ensuring seamless claims processing and effective risk management, Mr. Ajibulu will play a crucial role in maintaining the high standards of service for which REGIC is known.

He started his career in 2003 and rose to become Head of the Technical Risk Management Team by February 2014. Seye joined Tangerine General Insurance Limited in 2021 as Head of Underwriting and helped to revamp the Underwriting, the Pre and Post-Loss Survey Departments until he left to join REGIC.

He holds a Master’s Degree in Business Administration (MBA) from Obafemi Awolowo University, Ile-Ife 2009, a Bachelor of Technology in Estate Management from the Federal University of Technology, Akure (FUTA), 2001, and a member of the Chartered Insurance Institute of Nigeria 2018. He completed stage 1 of the Allianz Global P&C Underwriting Exams in 2020. He has attended several local and international training sessions.

These appointments, according to the firm, underscores Royal Exchange’s commitment to building a dynamic and skilled leadership team capable of navigating the evolving landscape of the insurance and financial services industry.

“We are delighted to welcome these accomplished professionals to the REGIC family. Their collective expertise will undoubtedly contribute to the continued success and growth of our organisation,” said MD/CEO at Royal Exchange General Insurance Company (REGIC), Ebelechukwu Nwachukwu stressed.