Prestige Assurance appoints Seetharaman Sivasankar as Non-Executive Director

Prestige Assurance Plc has announced the appointment of insurance industry veteran Mr. Seetharaman Sivasankar as a Non-Executive Director on its Board.

The appointment was disclosed in a statement dated August 21, 2026, and signed by the Company Secretary, Mrs. Chidinma Ibe-Louis.

The move comes shortly after the National Insurance Commission (NAICOM) listed Prestige Assurance among the 50 insurance companies that successfully met the industry’s new minimum capital requirements.

What they are saying

According to the company, Sivasankar’s appointment took effect on August 20, 2026, subject to the approval of relevant regulators.

• “This is to notify Nigerian Exchange Limited (NGX) and the investing public of the appointment of Mr. Seetharaman Sivasankar as a Non-Executive Director on the Board of Prestige Assurance Plc effective 20th August, 2026, subject to regulatory approval,” the statement read.

The Board expressed confidence that the new director’s extensive industry experience would support the company’s growth strategy and strengthen its governance structure.

Experienced insurance executive

Sivasankar brings more than three decades of experience in the insurance industry, having spent over 36 years at National Insurance Company Limited (NICL), India.

• A Commerce graduate and Fellow of the Insurance Institute of India (FIII), he has held several leadership positions across branch, divisional, regional and head office operations.
• During his career, he served as Head of the Accounts Department at NICL’s Divisional Office for about eight years, overseeing financial operations and controls.
• He later led multiple branch and divisional offices over a 16-year period, where he was responsible for business development and operational management.

Sivasankar also managed Corporate and Large Claims…