Saturday, 11 October 2014

Remi Olowude, IGI boss, Passes On At 63

The Nigerian insurance industry  lost an icon when the Executive Vice Chairman, Industrial and General Insurance Plc, Mr. Remi Olowude, passed on in a hospital in the United State of America after a prolonged illness.

Born in 1951, Olowude, before his demise, was the chairman of the Nigerian Insurers Association (NIA), an umbrella body for all insurance companies in Nigeria from June 2012 to June 2014. He was also the chairman of National Insurance Corporation Limited, a publicly quoted company in Uganda; a director and co-chairman on the Board of SONARWA Holdings, which owns separate life and general insurance companies in Rwanda; held board memberships in Industrial & General Insurance Plc,   Global Trust Savings and Loans Limited, IHMS, among others.

Mr Olowude had Bachelor of Science degree in Quantitative Economics from the University of Lagos from 1970 to 1973, after which he proceeded to the University of Santa Clara, California, United States, in 1976 for his Master of Science degree in Applied Economics and had completed the coursework for the award of a doctorate degree from the University of Santa Clara, California, USA.
He deployed his international business expertise, professionalism and vision to build a conglomerate with interests in various business sectors.

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He was awarded the national honour of Member of the Order of the Niger of The Federal Republic of Nigeria, for his exemplary service inthe country.

May his gentle soul rest in peace.

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