The board of directors of Law Union & Rock Insurance plc has approved the appointment of Akinjide Orimolade as the new managing director/CEO of the company. The appointment, which took effect from October 22, 2014, is informed by an urgent need to fast track and further deepen the ongoing rejuvenation and turnaround of the company.
He takes over from the former CEO, Toyin Ogunseye.
A former managing director of AIICO General Insurance, Orimolade is a Fellow of the Chartered Institute of Insurance of Nigeria with over 22 years of experience in Insurance marketing, general underwriting and claims administration. He is well rounded in strategy development and implementation, corporate operations ranging from human resource management, administration and business development with proven leadership prowess. He holds Bachelor’s and Masters’ degrees in Insurance and Marketing, respectively, from the University of Lagos, Nigeria.
In his career sojourn at AIICO plc, Orimolade had served as executive director, marketing (Jan. 2012 to Aug. 2013), managing director/CEO of AIICO General Insurance (Dec. 2009 to Dec. 2011). He was regional director, West Africa at Liberty Life, South Africa (April 2008 – December 2009). He also served as pioneer general manager and later CEO of Zenith General Insurance Limited from March 2004 to March 2008.
Since the takeover of Law Union & Rock Insurance plc’s majority interest in 2012, the board and management have been revamped. The company is better positioned for excellence, enhanced growth and better financial performance. The turnaround of Law Union & Rock Insurance is gaining traction as drastic improvements are seen in corporate governance, risk management, investment portfolio and higher level of trust in the company as claims are paid seamlessly, effortlessly and promptly.
Orimolade’s appointment is subject to approvals from relevant regulatory bodies.
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