General Yakubu Gowon, one of the non-executive board members, is the chairman. The governing body of the company is the twelve-member board of directors.
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Remi Olowude was both founder and CEO until he passed away in September 2014. The company commenced business in January 1992. Industrial and General Insurance Company Plc was founded as a limited liability company on 31 October 1991 by Oluremi (Remi) Olowude. At that time, IGI was the largest insurance company in Nigeria and the largest underwriter in West Africa.
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The company's main focus is insurance services, but through subsidiary companies, it is also invested in a diverse array of other sectors, including: banking, construction, engineering, mining, real estate, telecommunications and waste management.Īs of December 2010, the company's total assets were estimated at about US$338 million (NGN:53.1 billion), with shareholders' equity of about US$140 million (NGN:22 billion). It has subsidiaries, in Ghana, the Gambia, Rwanda and Uganda and a representative offices in London and Washington, DC. Industrial and General Insurance (IGI) is an Nigeria insurance company and is a major provider of insurance and risk management services in West Africa.
![igi insurance igi insurance](https://www.igiinsurance.com.pk/wp-content/uploads/2014/09/Travel-Sure_GPE.jpg)
Yakubu Gowon ( chairman), Remi Olowude ( executive vice chairman & CEO)