Insurance World

Segun Omosehin Joins Old Mutual Life As Managing Director

BY NKECHI NAECHE-ESEZOBOR: The Board of Old Mutual Nigeria has announced the appointment of Mr. Olusegun Ayo Omosehin as the Managing Director, Old Mutual Life Assurance Company Limited.  

In a statement issued to the media, the Company  expressed confidence in the ability of  Omosehin to steer the affairs of the Life  business  in Nigeria.

According to the Chairperson of the Board, Ms. Fola Laoye  “ The Life business is of strategic importance to Old Mutual as it is an important growth area in Nigeria.  We intend to give this area significant focus so that many more Nigerians can enjoy  the comfort of financial security in the future. Olusegun Omosehin  is an experienced professional and he is uniquely positioned to steer this area appropriately”.

In a separate statement, the Group CEO, Old Mutual West Africa , Mr Samuel Ogbu,   described Omosehin  as “ an important addition to the  Old Mutual West Africa team”.

He stated  that Omosehin’s appointment as Managing Director is “ further evidence of Old Mutual’s commitment to becoming a significant player in the Nigerian market, by making significant investments in human and financial capital”.

He added that Old Mutual has great confidence in the Nigerian market.

Omosehin holds a BSc. in Political Science, a Masters in International Law and Diplomacy and Masters in Economics from the University of Lagos.

He is an alumnus of the Lagos Business School and Said Business School, University of Oxford in the UK.

He started his career  in the insurance industry in 1993 at Crusader Insurance Plc. He was MD/CEO  Admiral Insurance Company Limited (2003- 2007).

Omosehin later became the Managing Director/CEO of AIICO General Insurance Company Limited from where he joined the Mutual Benefits Assurance team as the Managing Director/Chief Executive Officer in April 2010.

Omosehin is a Fellow of the Chartered Insurance Institute of Nigeria.  

He is also a fellow of the Institute of Directors, a Member of the Nigerian Institute of Management and the Nigerian Society of International Law.


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