General Insurance

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  • Life Insurance

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    now and in the years to come.
  • Custodian Home Shield

    A 4-in-1 combination cover to protect
    your household contents. Get a quote today!
  • Auto Insurance

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    your Third Party & Comprehensive insurance needs.
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  • Travel Insurance

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    Let us deal with all your concerns.
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  • Marine Insurance

    We cover your losses
    on the sea, from the point of origin
    to the final destination.
  • Wealth Management

    Let us help you grow and sustain your wealth
    from Generation to Generation
  • Pensions

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    future. Learn more.
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Custodian & Allied Insurance is a wholly owned Nigerian Company. CAIL’s sole purpose is to develop, package and deliver innovative insurance products that best satisfy customer needs, whilst operating a highly profitable, efficient, resourceful and ethical organization that will survive well into the future and be a valuable asset to its shareholders.

CAIL’s Board comprises individuals who have proven track records in their various fields of endeavor, thereby bringing several years of experience to bear upon the Board.

CAIL is a registered member of the Nigerian Insurers Association (NIA) and is approved by other regulatory bodies in Nigeria to offer Insurance Services.

Board of Directors

Mr. Wilcox began his career as a Consultant with Golding Stewart Wrightson, London in 1986/1987. He joined Nigeria Reinsurance Corporation as the Head of Fire Department and Pools in 1987 from where he left to establish the firm of J F Wilcox & Associates, a firm of Management Consultants in 1991. He served as the Managing Director/CEO of United Africa Insurance Brokers Limited from 1992 to 2011. He is currently working on several projects for the West African sub region.

Mr. Isujeh has over thirty years’ experience in the Insurance Industry, having worked in different insurance companies in Insurance Operations, Sales/Business Development and General Management. At Custodian, he has at various times coordinated the Marketing and Technical Operations of the company. As a result of his commitment and hard work, he was appointed Executive Director of the company in 2016.

He holds a Bachelor of Science degree in Insurance from the University of Lagos and is a member of the Chartered Insurance Institute, London. Aside from various Technical courses attended in and outside Nigeria, he has over the years attended management courses preparing him for leadership role. He is an Alumnus of the Lagos Business School as well as the prestigious Wharton Business School, USA where he attended Executive programmes.

Wole is the founder and Group Managing Director of the Custodian Group with interests in Life Insurance, General Insurance, Pensions and Trusteeship business. He is an industry leader with over thirty (30) years’ experience and has at various times been a member of the Presidential Committee on Pension Reforms, Chairman of the Nigerian Insurers Association, Council Member of the West African Insurance Companies Association (Ghana), and External Lecturer – West African Insurance Institute, Banjul, The Gambia. He sits on several Boards amongst which are the International Insurance Society (IIS), New York; Council Member – African Insurance Organization (Cameroun), Nigerian Insurers Association and the Nigerian-British Chamber of Commerce and Industry. He has been nominated a top 25 CEO on the Nigeria Stock Exchange by the influential BusinessDay newspaper (years 2014 and 2015) as well as a nominee for “African CEO of the Year” by African Reinsurance Corporation.

A graduate of Actuarial Science from the University of Lagos and a Chartered Insurer by Profession, he holds the Doctor of Finance (Honoris Causa) from Igbinedion University and is a Fellow of the Chartered Insurance Institute of Nigeria, The Risk Managers Society of Nigeria and the Association of Investment Advisers and Portfolio Managers. He is the immediate past President of Lagos Business School Alumni Association (LBSAA), as well as an alumnus of the Harvard Business School (OPM42).

Wole is a firm believer in the building and transformation of the economy through the development of insurance and risk management.

Mr. Richard Gboyega Asabia is the Chairman, Custodian Life Assurance Limited (CLA). A 1983 graduate of the London School of Economics (University of London) and 1989 graduate of the University of Wales, Cardiff, UK, he holds a Bachelors Degree in Law and a Masters Degree in Business Administration.

He is a qualified Barrister and a Fellow of the Chartered Institute of Stockbrokers. He served at various times as a Director on the Boards of First Interstate Bank Plc, Banque International Du Benin, Future Unity Glanvills Ltd and as Chairman, Crusader Nigeria Plc. He is Managing Director/CEO of Interstate Securities Limited and currently sits as a Director on the Board of CrusaderSterling Pensions Limited and as Independent Director of Unity Bank Plc.

Chief Mrs. Giwa joined the Board at the inception of Custodian and Allied Insurance Plc. She is a businesswoman with experience in various sectors of the economy such as Oil and Gas, Real Estate. She sits on the Board of several other companies.

‘Demola is an accomplished executive with domestic and international experience in Financial Control, ERP Systems Integration, Project Management, Capital Sourcing, Treasury Management and Investment Appraisal. A 1984 graduate of Accounting from the University of Benin and winner of the prestigious CJ Buck’s prize for excellent score in Management Accounting at the final examination of the Institute of Chartered Accountants of Nigeria (May, 1986), ‘Demola started his career with the firm of Akintola Williams & Co and qualified as a chartered accountant with Arthur Andersen & Co. (now KPMG Professional Services) before working, at various times, as Head, Money Markets / Discountable Instruments Unit at Ecobank Nigeria PLC and pioneer Treasury Manager at Zenith International Bank PLC.

He has provided leading-edge consulting services on financial applications analysis and value added technology deployment to world class organizations including the City of Atlanta, Yale University, the George Washington University, City of Detroit, AT&T, Dell Corporation, Lexmark Corporation, Severstal Steel and the American Red Cross.

He has attended several management and professional development courses at home and abroad. A fellow of the Institute of Chartered Accountants of Nigeria and member of the American Institute of Certified Public Accountants, ‘Demola is certified as a financial applications consultant by both Oracle Corporation and SAGE Corporation.

Ravi is a Partner with Aureos Nigeria Advisers Limited with over 10 years’ experience obtained in the fields of private banking, investment banking and private equity. He joined Aureos in 2001 as a consultant and was a key member of the local team that participated in the establishment of the Aureos West Africa Fund LLC (AWAF) in 2003; which included opening a new office for Aureos in Nigeria and subsequently the Aureos Africa Fund LLC (AAF) in 2008. Prior to joining Aureos Nigeria Advisers, Ravi worked for Aureos Ghana Advisers, where he was involved in 11 exits from Ghana Venture Capital Funds (GVCF) portfolio companies.

Since relocating to Nigeria, Ravi has been responsible for sourcing, structuring, monitoring and exiting investments across various sectors. He has been instrumental in the investment of over US$65 million of Aureos Funds in Nigeria. He was also responsible for the partial divestment from two of the AWAF portfolio companies in Nigeria. Ravi sits on the board of nine (9) Aureos portfolio companies. His previous experience was gained in private and investment banking with Barclays Private Bank (London) and TAIB Bank (London). Ravi holds an MBA from the University of Wales and has a B.Sc. in Economics & Accounting from the City University, London.

Management Team

Mr. Isujeh has over thirty years’ experience in the Insurance Industry, having worked in different insurance companies in Insurance Operations, Sales/Business Development and General Management. At Custodian, he has at various times coordinated the Marketing and Technical Operations of the company. As a result of his commitment and hard work, he was appointed Executive Director of the company in 2016.

He holds a Bachelor of Science degree in Insurance from the University of Lagos and is a member of the Chartered Insurance Institute, London. Aside from various Technical courses attended in and outside Nigeria, he has over the years attended management courses preparing him for leadership role. He is an Alumnus of the Lagos Business School as well as the prestigious Wharton Business School, USA where he attended Executive programmes.

Bunmi started her career with SCOA Nigeria Plc, where she worked in different departments and in various capacities for eleven years before joining the management team of CAI in October 1999 as the pioneer Head of Human Resources and Administration Division.

She holds a Bachelor of Science degree in Economics and Master of Business Administration degree both from the University of Lagos. She is an Associate Member of the Institute of Personnel Management, a member of the Nigerian Institute of Management as well as an Alumnus of Lagos Business School (LBS AMP 14).

Yomi is a graduate of the University of Lagos and IESE Business School, Spain where he obtained a first degree in Biology and an MBA respectively. His career which spans about three decades has seen him work as a Human Resource (HR) consultant and HR practitioner in Nigeria, South Africa and Ghana.

He commenced his career with SCG Consulting, a firm of professional advisers specialising in Organisation Planning/ Development and HR Management Systems consulting. He joined Societe Generale Bank Nigeria where he worked in the Manpower/Career Management and Training functions and later joined Gulf Bank of Nigeria Plc as Head of HR & Training. Yomi moved to Trojan Estates as Head of Corporate Services and thereafter joined Unilever South Africa (Pty) Limited as HR Project Manager with specific responsibility for Change Management & People on a major supply chain project. He joined Globacom as HR Manager, Performance Management before being transferred to Glo Mobile Ghana as Head, HR & Administration.

Yomi is a Member of the Chartered Institute of Personnel Management, Institute of Training & Development, Cranfield Management Association and is also an alumnus of the Lagos Business School (EMBA 5). He is a past Chairman of the Human Capital Management Committee of the Nigerian Insurance Association.

Friday has over a decade and a half years’ experience in assurance, accounting and advisory and has spent most of his career in consulting. He trained and worked with Ahmed Zakari & Co. (Chartered Accountants); Robert Ade-Odiachi & Co. (Chartered Accountants), now SIAO Partners; and KPMG Professional Services, respectively. At KPMG he was an experienced manager in Audit and Business Advisory. Prior to joining Custodian he was the Group Head of Business Risk and Internal Audit in a pioneer broadband connectivity group of companies in Nigeria.

Friday has a first degree in Accounting from Abia State University and an MBA in Management from Imo State University. He is a Fellow of The Institute of Chartered Accountants of Nigeria, a Certified Information Systems Auditor, Certified in Risk and Information Systems Control, and a Certified Internal Control Auditor.

Kola holds a Bachelor degree in Philosophy & Political Science and a Masters Degree in Managerial Psychology (MMP) both from the University of Ibadan.

His professional experience of over two decades cuts across various functions such as Technical, Marketing and Branch Operations. He has at various times worked in UNIC Insurance Plc, Trust & Guarantee Insurance Limited as well as Crusader General Insurance Limited which merged with Custodian and Allied Insurance Limited in 2013.

He is an Associate Member of the Chartered Insurance Institute of Nigeria (ACIIN) and an alumnus of Lagos Business School (SMP59). Kola has attended many Insurance, Marketing and Management courses and seminars both locally and abroad.

Tony has over two decades’ experience in insurance and banking with expertise in Risks assessment and underwriting, Claims management, General Management, Customer Care/Relationship Management, Strategic Planning, Budgeting and Control as well as Staff recruitment and training.

He previously worked with Cornerstone Insurance and erstwhile Equitorial Trust Bank before joining Custodian And Allied Insurance Limited as a Team Lead in the Financial Institutions Department.

Tony has a first degree in Insurance from the University of Lagos and has attended the Senior Management Programme (SMP) of Lagos Business School. He is an Associate Member of the Chartered Insurance Institute of Nigeria.

Moses’ insurance career started with ACEN Insurance Plc, a specialist company in Construction/Engineering and Special Risks insurance underwriting where he served meritoriously in the underwriting department.

He joined Custodian & Allied Insurance in 1999 as Head, Fire/Accident & Special Risks Department and was later appointed as the Team Leader, Construction/Engineering, Oil & Energy Group and also served as Head of Marketing before assuming his present role.

Moses has two decades of experience in the insurance industry and has attended several Management and Technical courses in Advanced Construction / Engineering Underwriting and claims organized by MUNICH RE, one of the largest reinsurance companies in the world.

He holds a Higher National Diploma in Insurance from The Polytechnic, Ibadan and a Master of Business Administration (MBA) degree from Obafemi Awolowo University (OAU) Ile Ife. He is an Associate Member of the Chartered Insurance Institute of Nigeria and also a graduate of the Senior Management Programme of the prestigious Lagos Business School.

Tunji started his insurance career at Glanvill Enthoven & Co. Insurance Brokers Limited where he spent seven years in various departments including Construction & Engineering Department, the department solely responsible for the insurances of construction and engineering firms.

He later joined Nigerian-French Insurance Company as the Branch Manager (Head Office Annex), a position he held till he joined Custodian & Allied Insurance Limited in 2001.

He has over two decades’ experience in Insurance and was the pioneering Head of Oil and Gas/Special Risks Division from 2004 to 2006 and subsequently Divisional Head of Marketing and later Head, Financial Institutions before he assumed his current position.

He has attended various courses and seminars relevant to Special Risks Insurance and Oil and Gas Insurance such as the Energy Insurance & Risk Management Course organized by HSBC Insurance Brokers in U.K (recently merged with Marsh Insurance Brokers U.K).

Tunji, a Higher National Diploma graduate of Insurance from Lagos State Polytechnic is an Associate Member of the Chartered Insurance Institute of Nigeria (CIIN) holds a Master of Business Administration from Obafemi Awolowo University and is an Alumnus of Lagos Business School (SMP 27).

Olumide joined Custodian and Allied Insurance Limited from Investment One Financial Service limited (formerly GTB Asset Management) where he led the firm’s Investment Steering Committee through investment process of macroeconomic review, fundamental analysis, valuation and portfolio construction and management. As part of his task, he took responsibilities of setting up the firm’s research structure; and the creation and publication of Economic; Equity & Fixed Income research products.

He started his career as an investment analyst with Icon Stockbrokers Limited in 2006 where he provided equity views to international portfolio managers. Prior to joining Icon, he had exposure to business consulting and financial advisory services as an MBA intern at Alliance Consulting (2004).

He left Icon Stockbrokers Limited in 2007 to join CSL Stockbrokers limited, a subsidiary of FCMB. While at CSL, he took up responsibilities both as an analyst and equity sales trader. His equity research coverage includes the Nigerian Banking space, FMCG, Breweries, Flour milling and the Conglomerate sectors of the Nigerian Stock Exchange (NSE).

In 2011, he left CSL to take up the role as Head of Research at Phoenix Global Capital Market Limited where he provided research support to the asset management, project and corporate finance teams.

He holds a B.Sc. degree in Building from Obafemi Awolowo University and an MBA from the Lagos Business School of Pan African University.

He is also a level 2 candidate of the CFA Institute chartered Programme.

Kate has over twenty - three years' experience in the insurance industry, which cuts across Marketing and Branch Operations. She started her career with Custodian and Allied Insurance Limited in Lagos in the Marketing department and her stellar performance led to her being seconded to start the Abuja branch of the organization.

As a result of her continued commitment and hard work, she was appointed as the Head, Northern Operations, to oversee Abuja and all the branches in the North in 2016.

She holds a bachelor's degree in History from the University of Uyo, Nigeria. She is an alumnus of Lagos Business School (SMP65) and has attended many Insurance, Marketing & Management courses and seminars both locally and abroad.

Our Style

Insurance Companies, like most financial institutions, operate in an increasingly competitive environment.

At CAI however, the uniqueness of our service delivery is in our ability to provide fast, efficient and highly professional service to the market in which we operate. This we are able to achieve through the automation of our various lines of operation, thereby reducing processing time and ultimately acquiring the much desired competitive edge.

In addition, our products and operations are essentially market-driven with emphasis on providing a wide menu of option on policies, having paid due regard to production processes employed in various industries.

Our total commitment and focus is to strike a fine balance between sound underwriting, cost control, service and investment of our various clients.

The Company is an efficient and fully automated company with a sharp focus on the wholesale corporate client market.

FAQ's - (Frequently Asked Questions)

YES provided the person is driving with your permission/consent and the person has a valid driver’s license

Liability policy limits must be fixed by you and it depends on the nature of your work vis a vis the likely exposure to risk the people around you are; your customers and your staff by your activities. For Workmen’s Compensation, your exposure is based on the annual earnings of your staff multiplied by 3, 5. This is made compulsory by law

The difference between comprehensive and third party insurance is that the comprehensive insurance will not only compensate for the death or bodily injury and/or damage you cause to another person’s property but will also compensate you for damage to your vehicle and theft of your vehicle whereas third party only takes care of damage and /or injury you cause to other people i.e. third party (ies)

The minimum requirement is third party policy

Your agent is vast in insurance and will be able to negotiate for some special terms and conditions that may affect your rate of premium

Your driving record will affect your insurance in the sense that it will provide a basis for assessing your risk. If your driving record shows adverse features such as conviction for several driving offences, bad claims experience etc, then the insurer will be able to take a decision as to whether to accept or reject your proposal for insurance and if they will accept, it will influence the rate of premium to charge, terms and conditions to impose

The reason might be one of the following:

              • That excess has been deducted. An excess is the amount of your claim that you will bear in the event of a loss. It is usually stated in the policy and must be communicated to you. This is to make you vey careful whenever you are driving.
              • The other reason may be that you under-insured your car. This is when you state an amount lower than the cost of the car in the market.

Yes, he needs to be insured if he is up to 18yrs old.

Cancellation can come from either the insured or the insurer. Insurers can decide to cancel due to the frequency of your claims, non-payment of premium, non-disclosure of material facts i.e facts that are material/important to the risk etc. However the insured can also cancel for similar reasons.

Goods In Transit Insurance

Goods-In-Transit Insurance: Covers your stock/or movable property while it is being transported by road/rail anywhere in Nigeria.

Contractors’ All Risks Insurance: Covers loss or damage to:

1. Contract Work:

Building under construction specified in the schedule of the policy resulting from any cause (except those specifically excluded)

2. Public Liability:

Indemnify the Insured against all sums, which the Insured shall become legally liable to pay in respect of:

  • Accidental bodily injury or illness (whether fatal or not) to third parties;
  • Accidental loss or damage to property belonging to third parties occuring in direct connection with the performance of the contract insured by this policy and happening on or in the immediate vicinity of the contract site during the periods of insurance.

3. Plant, Equipment & Machinery:

Indemnify for any loss or damage to plant, equipment and machineries as a result of fire, theft and any unforeseen or physical loss.

Group Personal Accident Insurance

Group Personal Accident Insurance: if the insured and any member of his household shall sustain bodily injury solely and independently of any other cause by accidental, violent, external and visible means resulting in death or disablement, the company will pay to the insured, or in the case of death to his personal representatives.

Workmen’s Compensation Insurance: The Workmen’s Compensation Decree No. 17 of 1987 stipulates that every employer of labour must provide the following benefits for injury to employees (both Nigerian and Expatriates) and for diseases sustained by them arising from their employment:

Death: 42 Months Earnings

Permanent Disability: 54 Months Earnings

Temporary Total Disability: Payable for 24 months as follows

  • Full salary for first six (6) months
  • Half salary for next three (3) months
  • Quarter salary for the remaining fifteen (15) months

Medical Expenses: Unlimited

Burial/Funeral/Transport Reasonable expenses

Employee Dishonesty Insurance (Fidelity Guarantee): Covers you for loss of money or property belonging to you or for which you are responsible as a result of acts of theft or fraud by an employee who obtains direct financial gain from these dishonest actions.

Professional Indemnity Insurance: Covers the insured in respect of any loss arising out from any claim or claims which may be made upon them by reason of any neglect or error committed in the conduct of the insured’s business in its professional capacity or any person now or who may hereinafter be in the employment of the insured, provided that the act are neglect, error or omission shall have been committed during the insured period.

Public Liability Insurance: Covers you for costs which you are legally liable to pay in event of death, illness or bodily injury to any person or damage to property belonging to someone else as a result of the use of your business premises or work away from your premises.

This also covers:

  • Legal defense costs
  • Damages resulting from wrongful arrest, associated assault and defamation
  • Damages caused by pollution and contamination

Marine Hull Insurance: Covers any hull or ship, motorboat, houseboat (including their machinery, equipment, standard fittings and accessories therein).

This covers:

  • Accident
  • Theft
  • Fire, explosion and earthquake
  • Storm, hail and flood
  • Salvage costs
  • Medical expenses for injuries to people caused while using the craft
  • Liability to other people

Marine Cargo Insurance: Although three (3) basic covers exist under this policy namely;

  • Institute Cargo Clause A
  • Institute Cargo Clause B
  • Institute Cargo Clause C

In practice however, two (2) types of cover are commonly used. These are the Institute Cargo Clause A and the Clause C.


This provides cover for All Risk of loss or damage to the Insured item(s) from warehouse to warehouse including whilst at sea.


The cover provided by this class is Total Loss only.

Performance Bond: It provides compensation for the principal following the contractor’s inability to do or complete the contract awarded to the contractor.

Interest covered: Uncompleted project(s).

Plant All Risks: Covers loss or damage to the Plants including parts of the plants as a result of fire, lightening, explosion, theft or any attempt of theft of a complete item or machinery, impact or collision, flood, storm, earthquake, aircraft impact, tornado, bursting and overflowing of water tanks, pipes and apparatus, bush fire, riot and strike, civil commotion and malicious damage.

Contact Offices

Head Office

Custodian House
16A, Commercial Avenue,
Sabo, Yaba,

Tel: (+234) 1 2707206-7, 2793740, 27937401 0700-CUSTODIAN, (+234) 1 2774000-9
Fax: (+234) 1 2707203
P. O. Box 2101, Lagos.


34, Akpakpava Road By Igbesamwan Junction,
Benin City,
Edo State
Tel: 05-2292480


45, Murtala Mohammed Highway,
Cross River State
Tel: 09024894449


103, Wetheral Road,
Imo State
Tel: 083-431158


Prime Plaza
Plot 1012, Adetokunbo Ademola Crescent
Opposite Rockview, Wuse 2, Abuja.
Tel: 09-2900465

Port Harcourt

180 Aba Road,
Port Harcourt,
Rivers State
Tel: 07085000046


6th Floor,Broking House,
1 Alhaji Jimoh Odutola Street
Ibadan, Oyo State.
Tel: 022-918538


20A, Olusegun Osoba Way,
Oke Ilewo, Omida-Ibara
Abeokuta, Ogun State.
Tel: 08023860547


Suite 227 2nd Floor, Oyemekun Plaza,
Bye-Pass Junction,Oyemekun Road,
Akure, Ondo State.
Tel: 022-911252, 08055394748


37B, Gbongan-Ibadan Road,
Opposite Fakunle Comprehensive High School
Osogbo, Osun State.


60A, Old Market Road,
Anambra State.
Tel: 08064445956


3, Kanta Road
P.O.Box 9301 Kaduna
Kaduna State


15, Bank Road,
Kano State.
Tel: 064895969


339 Nnebuisi Road,
Opposite Stadium,
Asaba Delta State.

Authorised and Regulated by the National Insurance Commission- RIC No. 010 (G)