Leadway

Leadway Assurance Company, also known as Leadway, is a Nigerian insurance corporation headquartered in Lagos, Nigeria. It is one of Nigeria's largest insurance companies.[4] Leadway provides commercial and personal property and casualty insurance, travel insurance and life insurance.

Leadway Assurance Company Limited
Company typePrivate
IndustryInsurance
Financial services
Founded1970 (1970)
FounderSir Hassan O. Odukale
Headquarters
Lagos, Nigeria
Key people
Tunde Hassan-Odukale (Managing Director & CEO)
Adetola Adegbayi (Executive Director, General Insurance)
[1]
ProductsInsurance, Property Casualty: Commercial & Consumer, Life & Retirement
N90.6 billion NGN (2019)[2]
Total assets N394billion[3] NGN (2019)
SubsidiariesLeadway Hotel
Leadway Pensure
Leadway Capital & Trusts
Leadway Properties & Investments
Leadway Asset Management
Websitewww.leadway.com

History

Leadway was established in 1970 by Sir Hassan O. Odukale. It commenced business in 1971 and started out as a direct motor insurer. It expanded into other areas of general business until it became a composite company underwriting both life and general insurance business. The company's financial capacity grew over time, and can now underwrite risks of very high magnitude as regards heavy industries, such as Oil and Gas and big manufacturing concerns. It also offers subsidiary financial services like Bond, Secured Credit, Miscellaneous financial losses and Fund/Portfolio management.[5]

The company is now being run by Tunde Hassan-Odukale.

References
  1. "Our Leadership".
  2. "Leadway Assurance Holds Virtual AGM; Pays N38.5bn Claims in 2019". 31 May 2020.
  3. "Leadway Assurance Holds Virtual AGM; Pays N38.5bn Claims in 2019, as Total Assets grew to N394bn".
  4. "34 Best Insurance Companies in Nigeria". 15 September 2015.
  5. "Leadway Assurance Co Ltd - Company Profile and News". Bloomberg News.
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