What Does Lasaco Assurance Plc Do?

Total employees362
HeadquartersIkeja
Founded1979

Lasaco Assurance PLC is a well-established composite insurance and financial services company in Nigeria. Incorporated on December 20, 1979, and commencing operations on August 1, 1980, it was listed on the Nigerian Stock Exchange in 1991. Lasaco offers a wide array of insurance products, including general (non-life) and life assurance, as well as real estate investment and financial services. The company caters to both individual and corporate clients, aiming to provide reliable risk management solutions and contribute to the financial well-being of its stakeholders.

Where Is Lasaco Assurance Plc's Headquarters?

HQ Function

Serves as the primary operational and administrative hub, overseeing strategic planning, policy underwriting, claims processing, investment management, and corporate governance for all its Nigerian operations.

Notable Features:

LASACO Place is a prominent multi-story corporate building, easily recognizable in the Ogba industrial and commercial area. It's designed to accommodate its diverse operational departments.

Work Culture:

The work culture at Lasaco's headquarters emphasizes professionalism, integrity, customer focus, and teamwork. As a financial institution, there's a strong adherence to regulatory compliance and ethical standards. Continuous learning and development are often encouraged.

HQ Significance:

The headquarters is central to Lasaco's identity and operations in Nigeria, symbolizing its stability and commitment to the Nigerian insurance market. It's the nerve center for its nationwide branch network.

Values Reflected in HQ: The headquarters building aims to reflect Lasaco's core values of reliability, security, customer satisfaction, and excellence in service delivery.

Location:

Lasaco Assurance PLC's primary operations and market focus are within Nigeria, where it has a significant national presence through numerous branches across various states. While it may engage in international reinsurance partnerships common in the insurance industry to manage large risks, its direct customer-facing services and branch network are currently concentrated within Nigeria.

Street Address:

LASACO Place, Plot 16, Acme Road, Ogba

City:

Ikeja

State/Province:

Lagos

Country:

Nigeria

Where Else Does Lasaco Assurance Plc Operate Around the World?

Abuja, FCT, Nigeria

Address: Plot 596, Koforidua Street, Off Michael Okpara Way, Zone 2, Wuse, Abuja, FCT

To expand market penetration in the northern geopolitical zones, cater to the needs of federal government parastatals and private enterprises, and provide accessible customer service and claims support.

Port Harcourt, Rivers State, Nigeria

Address: 202, Aba Road, Port Harcourt, Rivers State

To cater to the unique insurance needs of the oil and gas industry and other commercial activities prevalent in the Niger Delta region, ensuring localized expertise and swift service delivery.

Ibadan, Oyo State, Nigeria

Address: Broking House (Ground Floor), 1, Alhaji Jimoh Odutola Road, Ibadan, Oyo State

To strengthen Lasaco's presence in the South-Western part of Nigeria, tapping into the diverse economic activities and offering tailored insurance solutions to the local population and businesses.

Buying Intent Signals for Lasaco Assurance Plc

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Lasaco Assurance Plc? Meet the Executive Team

As of April 2025, Lasaco Assurance Plc' leadership includes:

Mr. Razzaque Abiodun Animashaun - Managing Director/Chief Executive Officer
Mrs. Adenike Onasanya - Executive Director, Technical
Mr. Godwin Jegede - Chief Financial Officer
Mr. SAKIRUDEEN AKINROYE - Head, Real Estate & Investment
Mr. ADEWALE OLUWO - Head, Life Operations

Who's Investing in Lasaco Assurance Plc?

Lasaco Assurance Plc has been backed by several prominent investors over the years, including:

Publicly traded on the Nigerian Exchange Group (NGX) under the ticker LASACO
Institutional Investors (various Nigerian and potentially international fund managers)
Retail Investors (individual Nigerian citizens)
Significant shareholdings by corporate entities and high net-worth individuals (specific names often detailed in annual reports)

What Leadership Changes Has Lasaco Assurance Plc Seen Recently?

Hire2
Exits2

Lasaco Assurance PLC has experienced key leadership appointments and transitions in the recent past, notably with the confirmation of its MD/CEO and the appointment of a new CFO to strengthen its financial management.

Departures

Mr. Kehinde O. Shogbeni, Mr. Kehinde O. Shogbeni retired as Chairman of the Board after years of service.
Mr. Dimeji Olona, Mr. Dimeji Olona resigned from his position as Executive Director, Finance & Administration.

New Appointments:

Mr. Razzaque Animashaun, Following a period as Acting MD, Mr. Razzaque Animashaun was appointed as the substantive Managing Director/CEO.
Mr. Godwin Jegede, Mr. Godwin Jegede joined Lasaco Assurance PLC as the new Chief Financial Officer, bringing extensive experience in financial management.

What Technology (Tech Stack) Is Used byLasaco Assurance Plc?

Discover the tools Lasaco Assurance Plc uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Lasaco Assurance Plc Email Formats and Examples

Lasaco Assurance PLC primarily uses the email format combining the first initial and last name of employees. This is a common structure for corporate communications.

[first_initial][lastname]@lasacoassurance.com

Format

ranimashaun@lasacoassurance.com

Example

85%

Success rate

What's the Latest News About Lasaco Assurance Plc?

Proshare NigeriaJuly 31, 2023

Lasaco Assurance Records 24% Growth In Profit, Pays N266m Dividend

Lasaco Assurance Plc reported a 24% increase in its profit after tax for the financial year ending December 31, 2022. The company also declared a dividend payment of N266 million to its shareholders, which amounts to 15 kobo per share....more

The Guardian NigeriaOctober 19, 2023

Lasaco Assurance reiterates commitment to prompt claims settlement

Lasaco Assurance Plc reaffirmed its commitment to ensuring prompt settlement of all genuine claims. The company highlighted its customer-first approach and ongoing efforts to build policyholder confidence and enhance trust within the insurance sector....more

NairametricsMay 18, 2023

Lasaco Assurance Plc appoints Razzaque Animashaun as substantive Managing Director/CEO

The Board of Directors of Lasaco Assurance Plc has announced the appointment of Mr. Razzaque Animashaun as the substantive Managing Director and Chief Executive Officer of the company, effective immediately. He had been serving in an acting capacity prior to this confirmation....more

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