Mimiko Becomes FBNInsurance MD As Ojumah Retires

FBNInsurance Limited has announced the appointment of Mr. Tunde Mimiko as its new managing director/chief executive officer (CEO) following the retirement of Mr. Val Ojumah.

Mimiko is a seasoned Insurance professional with over 23 years of experience in life and general insurance, spanning sales and marketing, business development, strategy, vision & mission planning, technical operations, product development & management.

He is a transformational leader, who has actively participated in the transition projects of the various companies where he served, including the transition of Union Assurance to Ensure Insurance Plc (now Allianz Nigeria), where he served as managing director/CEO between 2015-2017, WAPIC Insurance Plc (now Coronation Insurance Plc), and ARM Life Plc.

Mimiko, an astute professional, is a fellow of the Chartered Insurance Institute of Nigeria (FIIN), Chartered Insurance Professional (CIP) and Insurance Institute of Canada.

He is also an alumnus of the prestigious Lagos Business School (LBS) and holds a MBA in Financial Management, from Lagos State University(LASU).

Prior to joining FBNInsurance, Mimiko was an executive director (Operations) at FBN General Insurance.

Speaking on the appointment, the chairman of FBN Insurance Ltd., Dr. Femi Oyetunji, said: ‘Tunde brings over two decades of versatile and trusted financial services experience to our business, with a track record of excellence and integrity. We are confident of his ability to take FBN Insurance to greater heights.”

Mimiko succeeds Val Ojumah, who has been the managing director since the inception of the business and grown the FBN Insurance brand to become one of the most successful and celebrated businesses in the country.

Ojumah steps down as MD and will remain with the business until April 2023 in an advisory role to support a smooth transition.

“We thank Val Ojumah for his rare leadership, service, dedication and strong commitment to the success of FBN Insurance. Under Val’s leadership, FBN Insurance has experienced monumental growth and is today recognized as Nigeria’s leading insurance company,” the chairman said.

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 Organisation.