Cornerstone Insurance counts achievements, appreciates stakeholders
L-R: Executive Director, Technical/Operations, Cornerstone Insurance Plc, Peter Ekwueme; Group Managing Director/Chief Executive Officer, Mr. Stephen Alangbo; cutive Director Business Development and Chief Client Officer, Chidiebere Nwokeocha, at a press briefing in Lagos on Friday.
Cornerstone Insurance counts achievements, appreciates stakeholders
Nike Popoola
Cornerstone Insurance Plc, the recipient of the prestigious Insurance Company of the Year 2024 Award by the African Insurance Organization, has appreciated the brokers, clients, dedicated staff and other stakeholders for their contributions to the company’s achievement.
The Managing Director/CEO, Cornerstone Insurance, Stephen Alangbo, appreciated the stakeholders, while counting the company’s achievements in the last one year, during a press briefing in Lagos on Friday.
He said, “We have recorded remarkable achievements in the last one year, and we will continue to ensure continuous improvements. We have a fantastic relationship with our brokers, clients who are supporting the achievements we are seeing today.
“Our 2023 financial account was very good; we grew by about 40 per cent in our business. In profitability, we moved from N2.9bn in 2022, to N17bn as at the end of 2023. It has been very wonderful, the team had worked tirelessly to ensure that the vision, dreams, our goals are achieved.”
Alangbo noted that the company wanted to be the best in Nigeria, but now, has gone to be the best in Africa.
He said, “We are also happy that I was nominated as one of the Africa CEOs of the Year, incidentally, the lady from Ethiopia won it. But we are resolute and determined that we don’t only win the African Insurance Company of the year, we will win the CEO of the year at other awards available at the AIO.”
The managing director revealed that it had done a lot of work in its retail business to support its growth.
He added, “We also have satisfied staff of Cornerstone, we have engaged in partnership that will ensure our growth in the coming days, and we have introduced new products.
“Our claims payment is top-notch. We are rewarding our staff, and we are also going to reward our shareholders.”
