Standard Alliance announces new management, begins claims payment

Joy Agwunobi

Standard Alliance Insurance Plc (SA) has unveiled a fresh leadership team and commenced the settlement of outstanding claims, signaling a new phase for the company.

This development follows the successful acquisition of a 24 per cent controlling stake in the firm by Endura Investment Global Limited.

Tayo Amore, the executive director, technical at Standard Alliance, in a statement disclosed that the new management team includes Paulinus Offorzor as Managing Director, Tayo Amore as Executive Director, Technical, Michael Owope as Executive Director and Chief Financial Officer, Remigius Oluoma as Group Head, Technical, Uno Abasiene as Group Head, Marketing, and Halima Jimada as Company Secretary and Legal Adviser.

As part of its renewed commitment to stakeholders, Standard Alliance confirmed the initiation of payments to annuitants—individuals entitled to regular pensions or annuity investments. Policyholders with outstanding claims have been advised to visit the company’s website.

The acquisition by Endura Investment Global Limited marks a significant shift for Standard Alliance, following the exit of its former controlling shareholder, Standard Alliance Investment Limited. The divestment was led by Olorogun O’tega Emerhor, the founding Vice Chairman of SA.

This strategic transition is expected to reinvigorate the company’s operations and strengthen its commitment to delivering value to policyholders and stakeholders alike.