Consolidated Hallmark Holdings Plc, a financial services group, announced the appointment of Mr. Tope Ilesanmi as the Managing Director/CEO of CHI Life Assurance Limited.
He replaces Mrs. Ose Oluyanwo who was the pioneer Managing Director who has since taken on new strategic leadership role in the Group.
In a similar vein, Patience Ugboajah has been appointed as Executive Director, Operations for the new Life Assurance arm of the Group.
Other new appointments to the Board in a Non-Executive capacity are Bode Opadokun and Folashade Onanuga.
All the appointments have been duly approved by the National Insurance Commission (NAICOM).
Tope Ilesanmi, is an Associate member of the Chartered Insurance Institute of
Nigeria (CIIN) and National Institute of Marketing of Nigeria. He is a dynamic and seasoned insurance professional with close to three decades of experience in risk management, insurance underwriting, claims administration, reinsurance and marketing.
He holds a bachelor’s degree in finance from the University of Lagos, an MBA from Bayero University, Kano and an MSC degree from the University of Port Harcourt.
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Tope served as General Manager/Divisional Director at Consolidated Hallmark Insurance before his recent appointment.In this new role, Tope is expected to build on the strong brand equity of the Consolidated Hallmark Holdings to lead the new Life Insurance arm of the Group to deliver exceptional and innovative Life Assurance solutions into the Nigerian market.
Patience Ugboajah joins the board of CHI Life Assurance Limited as the Executive Director, Operations.
She is a seasoned insurance executive and transformation leader with over 18 years of experience spanning strategy, operations, technical functions and business development across leading Nigerian insurance institutions.
Before joining CHI Life, she was Acting Executive Director, Technical at SUNU Assurances Nigeria and had earlier served as Executive Director at Zenith General Insurance.
She also held senior leadership roles at Allianz Nigeria and AXA Mansard, building deep expertise across life and non-life portfolios. Patience holds a National Diploma in Insurance, a B.Sc. in Economics and an Executive MBA from Lagos Business School.
She is a Fellow of the Chartered Insurance Institute of Nigeria, an Associate of NCRIB and CIoD, and was elected to the Governing Council of CIIN in 2024.
Bode Opadokun is a multi-versatile, prudent Insurance professional with over two decades of Underwriting, Marketing and Executive Managerial experience. He is the immediate past Managing Director of Sanlam General Insurance Nigeria and also served as Managing Director of the Nigerian Agricultural Insurance Corporation.
He is a graduate of the Lagos State Polytechnic, Fellow of the Chartered Insurance Institute of Nigeria and has an MBA in Insurance from the Delta State University. His industry footprints cover General Business and Special Risks, as well as Agricultural Insurance.
Folashade Onanuga is a Chartered Insurance Practitioner with over 30 years’ experience in pension consultancy and was until recently the Director General of the Lagos State Pension Commission. She earlier served as General Manager/CEO with Glanvill Enthoven Life and Pension Consultants and also Chief Operating Officer/Executive Director of Veritas Glanvills.
She is a graduate of the University of Ife (now Obafemi Awolowo University), a Chartered Secretary of the Institute of Chartered Secretaries and Administrators and a Fellow of the Certified Pension Institute.
CHI Life Assurance Limited, a member of Consolidated Hallmark Holdings, recently licensed by the National Insurance Commission (NAICOM) to underwrite Life Insurance business in Nigeria with a shareholders’ fund of ₦8 billion.
In line with the Group’s vision “to be the first-choice provider of Insurance and other financial services in Nigeria,” CHI Life is strategically positioned to provide innovative, tailor-made solutions that address existing gaps in the Life Assurance market. Built on a strong legacy of professionalism, trust, and customer satisfaction, we are poised to leverage the exceptional service delivery and solid market reputation of the Group; not only to meet but to surpass stakeholders’ expectations through prompt service to customers and exceptional returns to shareholders.
The Group Managing Director of Consolidated Hallmark Holdings Plc, who doubles as the Chairman of CHI Life Assurance congratulated Tope Ilesanmi on this new appointment.
He expressed his full confidence his ability to lead the next phase of the company’s market entry and growth. He assured him of the needed support to thrive in this new assignment having proven himself over time as a performer. He also welcome on board the new Non-Executive Directors who are accomplished industry leaders.
He expressed his strong belief that their membership of the Board working other Board members will help to raise the bar in delivering on the mandate of the Group.
Tope Ilesanmi was full of praise for his predecessor, Ose, who he said had laid a strong foundation on which he will be building.
He also thanked the Group for the honour of leading CHI Life Limited. He expressed his commitment to work assiduously with the Board and his Management team to realisethe goals and targets of the business.
With the calibre of competent Board and Managementassembled, backed by the strong corporate governance of the Consolidated Hallmark Holdings Group, , CHI Life is set to redefine Life Assurance in Nigeria, driving financial inclusion and ensuring long-term sustainability.
