Staco Insurance PLC
Bayo Fakorede is an experienced professional in the insurance industry, currently serving as Acting Managing Director and Acting Chief Executive Officer at Staco Insurance since October 2020. Prior to this role, Bayo held the position of Executive Director of Operations at Staco Insurance Plc from December 2010 to October 2020. Bayo Fakorede holds an AMP degree from Lagos Business School, completed in 2010, and a Master's degree in Managerial Psychology from the University of Ibadan, obtained in 1998.
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Staco Insurance PLC
STACO Insurance Plc is a Nigeria-based company engaged in the provision of non-life insurance business. The Company operates through eight segments: Fire, General Accident, Motor Vehicle, Oil and Gas, Marine, Aviation, Bond and Engineering. The Company's portfolio serves Nigeria's public and private sectors, including oil and gas, engineering/construction, manufacturing, trade, aviation and marine. The Company is also developing its micro insurance arm. The Company provides non-life insurance services to both retail and corporate clients all over Nigeria. The Company provides insurance for accidental death, permanent disability or hospitalization. The Company's subsidiary is Staco Insurance Company (Sierra Leone) Limited. Staco Insurance Company (Sierra Leone) Limited is an insurance company engaged in the provision of life and non-life businesses to retail and corporate customers in Sierra Leone, West Africa.