LUR Partners With Yaba Local Government On Children Day

March 09th, 2018

On May 27, 2011 Children’s Day, Law Union & Rock Insurance Plc partnered with Yaba Local Council Development Area to make the day a memorable one for the children.

It was a day Law Union used to introduce her newest product to the targeted audience, the children. The product is designed for people between ages 4 and 25 to cater to medical expenses on accidents to a limit and even some benefits in the case of permanent disablement.

It was first thought that the down pour of the early morning will disrupt the event but the children defied it and came out en-masse.

The LUR team, led by Mrs. Charity Ogwugua made a presentation after which people started purchasing the products made presentation and people started making purchases immediately.

A Town Hall meeting held on Thursday 19th April, 2012 at LUR Premises where the new Managing Director/ CEO designate was introduced to members of staff.

Divestment Implementation Director Mr. Patrick Ilodianya welcomed everyone present and intimated the whole house of recent developments within the organisation which is as a result of the directive from CBN that all banks should divest from non banking subsidiaries and face core banking operations. The development, according to Mr. Ilodianya necessitated resignation of Mr. Yinka Bolarinwa and Mr. Segun Ilori the MD/CEO and ED respectively to pave way for the new Core Investors, a consortium comprising Alternative Capital Partners and Swede Controls to install a new management. To this end, Mrs. Toyin Ogunseye was introduced as the new Managing Director designate pending the ratifications from all regulatory bodies.

Mrs. Ogunseye welcomed everyone and paid tributes to the immediate past MD and ED for the good job they did at LUR and crave staff cooperation for her to succeed. She said she is not in LUR with a new vision but with a mandate to come and actualise the existing vision of the company, to rank among the first five (5) in the industry. Mrs. Toyin Ogunseye reminded staff of strengths of the company one of which is the logo of LUR and been 61 years in the industry this should be used to intimidate our competitors, therefore urged everyone to work on the platform of LUR brand to achieve the mandate of the Board of Directors.

The MD designate presented herself as a marketer as well as an underwriter with over 20 years experience in insurance broking and underwriting. Above all, she presented herself as a team leader and not a boss and pledged to handle LUR affairs with the fear of God and issues with any employee on merit.

She admonished staff to brace up for few changes that will come up soon in order to move LUR to her rightful place among underwriters in Nigeria, saying however, that the changes are not meant to cause panic within the system.

On behalf of LUR employee, Mr. Rotimi Odufote who is the Head of MDRI and Union leader of the company thanked the new acting MD for her wonderful speech and words of assurance given by her and re-assured her that she will not regret coming to work in LUR. He cheered the meeting with songs and urged everyone to join hands in singing.

The meeting was brought to close by Mr. Patrick Ilodianya who thanked everyone present and asked everyone to resume work for the day.