Prestige Assurance Plc has appointed Seetharaman Sivasankar as a Non-Executive Director, effective August 20, 2026, pending regulatory approval. Sivasankar brings over 36 years of experience from India’s insurance sector, including his role at New India Assurance. This appointment follows the insurer’s successful compliance with the National Insurance Commission’s new minimum capital requirements and a strong first-half performance, where the company recorded a 102% increase in profit after tax to N1.05 billion.