The Nigerian
Council of Registered Insurance Brokers (NCRIB) has described the death of the
Executive Vice Chairman of Industrial and General Insurance Plc (IGI) as a
colossal loss to the Nigeria insurance industry and entire nation at large.
In a condolence
letter to the Chairman of IGI, General Yakubu Gowon, the President of the NCRIB,
Ayodapo Shoderu, noted that the council identified with the immediate family
members of Late Olowude, management and staff of his company at this moment of
grief.
According to the
letter, Shoderu said, ‘definitely, the exit of Mr. Olowude signals the close of
a chapter in the history of the reformation of the insurance industry in
Nigeria, considering his pivotal roles in giving the industry a new look
through founding of IGI Plc.
Shoderu opined
that Olowude’s frankness, resourcefulness and love for insurance industry were
legendary and would be sorely missed for a long time to come. ‘’Our council
identifies with Directors, Management and Staff of IGI as well as NIA and its
members at this moment of grief as we pray the good Lord to grant the
deceased’s family members and the entire membership of NIA the fortitude to
bear the painful loss’’ he noted.
Olowude was renowned for his wealth of
knowledge about the industry as well as innovativeness, demonstrated in the
operations of IGI during its founding; creating a leeway for a more pro- active
and aggressive market oriented insurance industry.
