Insurance World

FBNInsurance Honours Outgoing Chairman 

L-R: Mr. Val Ojumah, Managing Director/Chief Executive Officer, FBNInsurance Limited; Mrs. Adenrele Kehinde, Chairperson, FBNInsurance Limited, and Mrs. Tobore Ojumah, at the send forth dinner of Mrs. Adenrele Kehinde held at Radisson Blu Anchorage Hotel, Victoria Island, Lagos. 

The Board, Management, staff of FBNInsurance Limited, friends and family members all gathered recently to celebrate the outgoing Chairman, Mrs. Adenrele Kehinde. 

Speaking at the event, Mr. Val Ojumah, the Managing Director/Chief Executive officer of FBNInsurance Limited, said Mrs. Adenrele demonstrated brilliance, excellence and a high level of professionalism and strong competence on the job. Mr. Ojumah also described Mrs. Adenrele as an advocate of high ethical standards who regularly challenged the company’s executive management to deliver industry-leading results using her usual mantra “the result of hard work is more work.” 

Also, speaking at the event, Mr. Bode Opadokun, Managing Director/ Chief Executive Officer, FBN General Insurance Limited, applauded Mrs. Adenrele for her openness and professionalism. He added that though she has retired, the company would continue to draw from her wealth of experience. 

Mr. Oyewale Ariyibi, a Non-Executive Director, FBNInsurance Limited and Chief Financial Officer, FBNHoldings, commended Mrs. Adenrele for dedication and leadership which he said brought some innovation and initiatives to FBNInsurance. She believed strongly in the name of the institution, leadership of the board and management, Mr. Ariyibi added. 

Mr. Robert Dommisse, Chief Executive Officer, Salam Pan-Africa Life Insurance, also commended the outgoing chairman for her dedication, commitment and passion for the growth of the company. Mr. Dommisse, also described Mrs. Adenrele as a good negotiator, a woman who never accepts no for an answer when it comes to negotiating for anything for her company. 

Further commendation came from Wale Babalakin, Chairman, Bi-Courtney Group of companies, who commended Mrs. Adenrele for her support and selflessness. Babalakin narrated how with the help of Mrs. Adenrele, he was able to secure a loan from a bank at the age of 28 to build an 11-storey building. 

In addition to these great achievements and commendation, Mrs. Adenrele will also be remembered for her contribution to the tremendous growth that FBNInsurance enjoyed under her leadership. Under her watch, the company’s gross premium grew from N3.9 billion in 2013 when she joined to N38.6 billion as of December 2021. 

In her response, Mrs. Adenrele, reiterated the need to sustain the growth that the company has achieved over the years. “We must remain keen to attain uncontested leadership status in the life insurance sub-sector and growth of our General Insurance business. She also added that the brand must remain focused on its goal which is to exceed expectations, break records and delight customers and shareholders in a greater measure than in the past. 

Mrs. Adenrele Kehinde was appointed to the board of  FBNInsurance Limited as Chairman in May 2013, following her earlier admission into the Board in March of the same year as a Non-Executive Director. She however took over the leadership of the Board from Mrs. Ibukun Awosika, the pioneer board Chairperson.  

Mrs. Adenrele before her appointment to FBNInsurance was a Non-Executive Director in FBNCapital Limited, now FBNQuest Limited. 

FBNInsurance is a Limited Liability Company licensed to transact Life Insurance business in Nigeria, providing cover for Individual and corporate clients with strong presence in almost every state in the country. FBNInsurance is also a member of the Sanlam Group, a leading diversified, pan-African financial services group. Leveraging the strength of the Sanlam Group brand, FBNInsurance is strategically positioned to transform the insurance industry in Nigeria. The company has won several awards including, Best Life Insurance Company in Nigeria by World Finance 2014, 2016, 2017, 2019 & 2020; Best Insurance Company in Africa by the African Insurance Awards, 2018; Fastest Growing Insurance Company by the National Association of Insurance and Pension Correspondents, 2018; Augusto & Co. A+ rating in 2016 & 2018 and Certified as a Great Place to Work, Medium-Sized Organization 2019. 

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