Shareholders of Prestige Assurance Plc have approved the appointment of Umesh Rathod as the company’s Managing Director and Abhinandan Singh as an Executive Director at the company’s Annual General Meeting held on Thursday, August 20.
The resolutions were unanimously passed at the AGM, which took place at the Shell Hall, MUSON Centre, Onikan, Lagos.
Shareholders also approved the appointment of Seetharaman Sivasankar as a Non-Executive Director, subject to the approval of the National Insurance Commission (NAICOM).
The meeting further approved the re-election of three directors eligible for retirement by rotation.
They include Funmi Oyetunji, who was re-elected as an Independent Non-Executive Director; Dr Nosike Agokei, who was re-elected as a Non-Executive Director; and N.S.R. Chandra Prasad, who was re-elected as an Independent Non-Executive Director despite being above 70 years of age.
In addition, shareholders received the company’s audited financial statements for the year ended December 31, 2025, alongside the reports of the Directors, Auditors, Board Evaluation Consultants and Audit Committee.
The shareholders also approved the re-appointment of Deloitte & Touche as the company’s external auditors for the 2026 financial year and authorised the directors to determine the auditors’ remuneration.
The remuneration of the company’s managers was also disclosed to shareholders as part of the resolutions passed at the meeting.
The AGM resolutions mark a series of changes and confirmations to Prestige Assurance’s leadership structure as the company moves into the 2026 financial year.
