Universal Insurance Plc has announced the appointment of Dr Japhet Duru as Executive Director, Technical, effective August 22, 2024. Duru brings over three decades of experience in the insurance industry, with a proven track record of accomplishment in executive board roles and management.
He also holds multiple academic qualifications, including a PhD in Business Administration from the Charisma University in Turks & Caicos Island. He holds a BSc in both Economics and Insurance from Imo State University Owerri and St Monica University, Cameroun; Masters in Finance (MSc) from Lagos State University.
Throughout his career, Duru has worked with various insurance organizations like Central Insurance Company Ltd (now Linkage Assurance Plc ), DBLS Insurance Brokers Ltd, KBL Insurance Ltd, International Energy Insurance Plc, Stanbic IBTC Insurance Brokers Ltd, Heirs Insurance Brokers Ltd, Old Mutual Nigeria General Insurance Company Ltd, and Heirs General Insurance Ltd where he gained valuable experience in underwriting, risk management, reinsurance, claims administration, business development, insurance broking, and customer service.
Beforehand, he had held various positions including Head of Underwriting, Head of Technical Operations, Executive Director (Technical)/Chief Operating Officer, and Ag. Managing Director/CEO.
He is happily married with four children and enjoys reading, imparting knowledge, and traveling. He is also a motivational speaker, facilitator of insurance and management courses, and has served as a council member of the Chartered Insurance Institute of Nigeria.
The appointment is expected to strengthen Universal Insurance Plc technical capabilities and drive business growth.
