THE Executive Vice Chairman/Chief Executive Officer of Industrial and General Insurance (IGI) Company, Remi Olowude, has passed on after a long battle with a prostrate cancer. He died in a hospital in the United States (U.S.) on Saturday.

 Olowude, an economist, chartered insurer and an international investor in several companies around Africa, was born on April 26, 1951. He is the Chairman of National Insurance Corporation Limited, a publicly-quoted company in Uganda and a director and co-chairman on the Board of SONARWA Holdings, which owns Separate Life, and general insurance companies in Rwanda.

 Olowude graduated from University of Lagos in 1973 with a B.Sc. degree in Economics and also studied at the University of Santa Clara, California, U.S. where he bagged his master’s degree, also in Economics in 1976.

 He is also an Associate of the Chartered Insurance Institute of London.

 He had completed the coursework for the award of a doctorate degree from the University of Santa Clara, California, U.S.

 He has deployed his international business expertise, professionalism and vision to build a conglomerate with interests in various business sectors spanning financial services, telecommunications, oil and gas, mortgage banking and aviation.