STACO Insurance appoints Nike Nihinlola as Acting Managing Director

Staco Insurance Plc’s board has appointed Nike Nihinlola, Acting Managing Director.

A statement from the company today said the National Insurance Commission (NAICOM) has given approval, following demise of Wale Banmore, former Managing Director

Nike 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 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

She 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 till 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).

She is happily married and blessed with three great children.