Lucas Durojaiye Appointed as MD/CEO of Sovereign Trust Insurance Plc

Lucas Durojaiye has been appointed as the new Managing Director/CEO of Sovereign Trust Insurance Plc, following the retirement of the immediate past MD/CEO, Olaotan Soyinka. Durojaiye, with 27 years of experience in insurance administration, has received approval from the board of directors and the National Insurance Commission (NAICOM).

He holds a Doctorate and Master's degree in Business Administration from Nasarawa State University and has worked in various leadership roles in the insurance sector. Durojaiye is known for his expertise in underwriting, claim management, and business development.

His appointment is expected to contribute to the growth and stability of the company.