Lasaco Assurance strengthens group performance with a bold rebranding and leadership overhaul of its subsidiaries to enhance operational efficiency

Lasaco Assurance has taken a bold step to reposition itself for long-term success by rebranding its subsidiaries—Lasaco Properties Limited (LPL) and Lasaco Trading and Investment Limited (LTIL)—while announcing key leadership changes aimed at delivering stronger group-wide performance.

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In a recent statement, the insurance group revealed that Mr. Akinwale Sofile has been appointed as the new Managing Director of LTIL.

A former Chief Financial Officer at Lasaco Assurance, Sofile is known for his deep finance expertise and impactful leadership.

The board expressed strong confidence in his ability to steer LTIL toward increased profitability and market growth.

Meanwhile, Mr. Olumide Jayeola will continue to lead Lasaco Properties Limited. Jayeola brings a well-rounded skill set that spans project and estate management, law, and theology—experience the company believes is essential for guiding the property subsidiary through its next growth phase.

According to the statement, the subsidiaries have undergone comprehensive rebranding involving service enhancements, process optimisation, and updated branding to reflect a forward-thinking, customer-focused direction.

Additionally, each subsidiary now has a restructured board composed of seasoned professionals.

These moves, Lasaco Assurance noted, are designed to accelerate transformation, deepen market relevance, and boost stakeholder value.

The company believes that the leadership synergy between Sofile and Jayeola will result in a stronger financial position and market leadership.

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“Lasaco remains committed to delivering innovative insurance, financial, and real estate solutions. With the rebranding of LPL and LTIL, the group is poised for sustained growth and long-term impact,” the statement concluded.