Continental Reinsurance plc appoints chief Ajibola Ogunshola as new chairman

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Continental Reinsurance plc appoints chief Ajibola Ogunshola as new chairman

Continental Reinsurance Plc has introduced the appointment of Chief Ajibola Ogunshola as the brand new non-govt Chairman of the Board to succeed Mrs. Nadia Fettah. The appointment took impact from November eight, 2016.

Established in 1985 and listed on the Nigerian Inventory Alternate in 2007, Continental Reinsurance offers assist to over 200 insurance coverage corporations in Africa, with its primary places of work in Nigeria, Cameroon, Kenya, Côte d’Ivoire, Tunisia and Botswana. It additionally has a specialist subsidiary, Continental Property and Engineering Threat Providers, which is registered in South Africa.

Commenting on his appointment, Ogunshola was quoted to have mentioned in a press release issued on Monday, “I’m honoured to simply accept the Board’s appointment. Continental Reinsurance is at an thrilling part and I sit up for working with the Board and administration to construct on the success that has been achieved to this point.

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“I strongly endorse the strategic imaginative and prescient of constructing Continental Reinsurance Plc to be the premier non-public pan-African reinsurer.”

Ogunshola holds a B.Sc. (Honours) diploma in Arithmetic from the College of Ibadan, and was the primary black African to qualify as a Fellow of the Institute of Actuaries, United Kingdom. He was for a few years the consultant of the institute in Nigeria, and a member of the Worldwide Affiliation of Actuaries.

The Group Managing Director/Chief Government Officer, Continental Reinsurance Plc, Dr. Femi Oyetunji, mentioned, “We’re happy with the appointment of Chief Ogunshola as chairman. His expertise and deep understanding of the trade will probably be instrumental in attaining our strategic aims.

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“Chief Ogunshola has a formidable monitor file and Continental Reinsurance will drastically profit from his data and huge expertise. I will even wish to thank Mrs. Nadia Fettah for her contribution as chairman. She has been a terrific supply of recommendation and steering for the enterprise. She leaves with our greatest needs.”

Over time, Ogunshola has contributed to the event of many organisations whereas serving in varied capacities, together with as Managing Director of Niger Insurance coverage; Chairman, Alexander Forbes Consulting Actuaries (Nigeria); Chairman, Punch Nigeria Restricted; Chairman and Managing Marketing consultant, Ajibola Ogunshola & Firm (Actuaries); basis President, Nigeria Actuarial Society; and President, Newspaper Proprietors’ Affiliation of Nigeria.

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Continental Reinsurance Plc is fifty eight.four per cent owned by C-Re Holding Restricted, a Mauritius-primarily based funding car, with the rest being free float.

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