FBN Insurance Appoints Tunde Mimiko As Ojumah Retires

Nigeria’s main life insurer, FBNInsurance Ltd. has introduced the appointment of Mr. Tunde Mimiko as its new Managing Director/Chief Govt Officer, following the retirement of Mr. Val Ojumah.

Tunde Mimiko is a seasoned Insurance coverage skilled with over 23 years expertise in life and common insurance coverage, spanning gross sales and advertising and marketing, enterprise growth, technique, imaginative and prescient & mission planning, technical operations, product growth & administration.

Tunde is a transformational chief who has actively participated within the transition initiatives of the assorted corporations the place he served, together with the transition of Union Assurance to Guarantee Insurance coverage Plc (now Allianz Nigeria), the place he served as Managing Director/CEO between 2015-2017, WAPIC Insurance coverage Plc (now Coronation Insurance coverage Plc), and ARM Life Plc.

Tunde Mimiko an astute skilled, is a Fellow of the Chartered Insurance coverage Institute of Nigeria (FIIN), Chartered Insurance coverage Skilled (CIP), and Insurance coverage Institute of Canada. He’s additionally an alumnus of the distinguished Lagos Enterprise College and holds a MBA in Monetary Administration, from Lagos State College.

Previous to becoming a member of FBNInsurance, Tunde was an Govt Director (Operations) at FBN Basic Insurance coverage.

In keeping with the Chairman of FBN Insurance coverage Ltd., Dr. Femi Oyetunji, ‘Tunde brings over twenty years of versatile and trusted monetary providers expertise to our enterprise, with a observe file of excellence and integrity. We’re assured of his capacity to take FBN Insurance coverage to larger heights.

Tunde succeeds Val Ojumah who has been MD because the inception of the enterprise and has grown the FBN Insurance coverage model to change into probably the most profitable and celebrated companies in Nigeria.

Val steps down as MD and can stay with the enterprise till April 2023 in an advisory position to assist a clean transition.

‘We thank Val Ojumah for his uncommon management, service, dedication and a powerful dedication to the success of FBN Insurance coverage. Underneath Val’s management, FBN Insurance coverage has skilled monumental progress and is at this time acknowledged as Nigeria’s main insurance coverage firm. The chairman mentioned.

FBNInsurance is a Restricted Legal responsibility Firm licensed to transact Life Insurance coverage enterprise in Nigeria, offering cowl for Particular person and company shoppers with a powerful presence in virtually each state within the nation. FBNInsurance can be a member of the Sanlam Group, a number one diversified, pan-African monetary providers group. Leveraging the power of the Sanlam Group model, FBNInsurance is strategically positioned to remodel the insurance coverage business in Nigeria. The corporate has gained a number of awards together with, Finest Life Insurance coverage Firm in Nigeria by World Finance 2014, 2016, 2017, 2019 & 2020; Finest Insurance coverage Firm in Africa by the African Insurance coverage Awards, 2018; Quickest Rising Insurance coverage Firm by the Nationwide Affiliation of Insurance coverage and Pension Correspondents, 2018; Augusto & Co. A+ score in 2016 & 2018 and Licensed as a Nice Place to Work, Medium-Sized Group.