Board of Staco Insurance Plc has named Nike Nihinlola, the acting managing director of the company, following the demise of Wale Banmore, former managing director.

Until this appointment, Nihinlola was the executive director, Technical and Operations at STACO Insurance Plc

The appointment has been approved by the National Insurance Commission (NAICOM).

Nihinlola is an Insurance professional with almost thirty years of cognate experience in the Industry.

She is a Fellow of the Chartered Insurance Institute of Nigeria (FIIN) who demonstrates unprecedented leadership capacity in multifaceted dimensions as administrator, strategist, motivator and mentor.

Her cognate professional experience includes dedicated service in various Insurance firms such as Consolidated Hallmark Insurance, Great Nigeria Insurance, among others. She is currently the Executive Director (Technical and Operations) of STACO Insurance PLC

Nike Nihinlola holds a Bachelor of Arts (BA) degree from the prestigious University of Ibadan with a Master of Business Administration from Lagos State University.

She is a member of the MCPD Committee of the CIIN from 2024 until date and served as the Chairperson, Accident Offices Committee of the Nigerian Insurers Association (NIA) between 2014 and 2016.

She is the vice president of the Professional Insurance Ladies Association (PILA).

Modestus Anaesoronye is a leading Nigerian financial journalist with over two decades of experience reporting on the insurance and pension sectors across Nigeria and West Africa. He has held key editorial positions at major national media outlets, including The Comet, The Nation, and Financial Standard, and currently serves as a Senior Financial Analyst at BusinessDay Media Ltd. A widely travelled reporter, he has covered industry developments in more than 14 countries across Africa and Asia. Anaesoronye is a multiple award-winning journalist, honoured several times as Insurance Journalist of the Year and Pension Journalist of the Year by recognised industry bodies, including PensionScope and the Pension Fund Operators Association of Nigeria (PenOp), among others.

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