NEM Insurance Plc, today announces the appointment of Mr. Idowu Semowo as the new Chief Financial Officer of NEM Insurance Plc with effect from February 1st, 2021.
He is a fellow of both the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Bankers of Nigeria He is also an Associate of the Chartered Institute of Stockbrokers of Nigeria [ACS].
His illustrious career spans over a period of thirty years in the financial industry encompassing experiences in auditing, banking, and stockbroking having worked with Universal Trust Bank, Magnum, MBC International Bank Limited and Kinley Securities Limited. He has served in pivotal roles in the financial growth of NEM Insurance Plc over the years.
The Board and Management of NEM Insurance Plc are confident in Idowu’s wealth of knowledge and experience.
About Us
NEM INSURANCE PLC started insurance business in Nigeria in 1948 through the agency of Edward Turner & Co. It became a Nigerian branch of NEM General Insurance Association Limited of London in 1965. Incorporated in 1970 as a Nigerian company in compliance with the Companies Decree of 1968, the company became quoted on the Nigerian Stock Exchange in 1989 following the privatization by the Federal Government of Nigeria. The company, which has contributed immensely towards the growth of Insurance Industry in Nigeria, was into Life and Non- Life business. Following the recapitalization exercise in 2007, the company merged with Vigilant Insurance Company Ltd to transact all classes of General Insurance.
The company has expanded its operations into the West African Sub region, with the successful registration and commencement of business of its former subsidiary, NEM INSURANCE (GHANA) LIMITED in May, 2009. The subsidiary is now merged with Regency Alliance to form Regency Nem Insurance Ghana Ltd in September 2016 due to recapitalization requirement. A new member, NEM ASSET MANAGEMENT LIMITED was also added to the Brand earlier in March, 2016.
