10-year Tenure Limit Enforcement Sends 8 Insurance CEOs On Forced Retirement …C0NTINUE READING HERE >>>
Since the enforcement of 10-year tenure limit policy commenced on the 1st of January, 2024, no fewer than eight insurance firms’ managing directors/CEOs and about 10 other executive directors in the insurance industry have resigned from their positions, LEADERSHIP learnt.
The affected CEOs have since vacated and retired from their position, following a renewed enforcement of the policy by the National Insurance Commission (NAICOM).
To this end, the eight insurance operators have had their position currently being taken over in acting capacity or whose successor had already been…
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