NAICOM Approves Appointment Of New MD, ED For Unitrust Insurance

National Insurance Commission(NAICOM) has approved the appointment of Adedayo Arowojolu as the new managing director/CEO and Mr. Olatunji Anibaba as the new executive director (Technical) of Unitrust Insurance Company Limited.

Both directors are expected to pilot the ship of the company going forward and are expected to grow the firm’s bottom line in the short, medium and long term through their expertise.

Mr. Arowojolu is a graduate of the University of Ibadan, Ibadan, Oyo State, Nigeria where he obtained his first and second degrees.

He started his professional career in 1998 and has over 24 years of work experience in the insurance industry. Prior to his appointment, Mr. Arowojolu was the managing director/CEO of Coronation Insurance Ghana LTD.

He is a Fellow of the Chartered Insurance Institute of Ghana and an Associate of the Chartered Insurance Institute of Nigeria. He is versatile in Oil & Gas insurance, sales, underwriting, and claims administration.

On his part, Anibaba is a graduate of Lagos State Polytechnic, Lagos, and has a Master’s in Business Administration from Obafemi Awolowo University, Ife, Osun State.

He has over 25 years of work experience in the insurance industry. He started his career with Glanvill Enthoven & Co. Insurance Brokers and prior to his appointment, he was the Chief Marketing Officer of Custodian Insurance Plc. He has wealth of experience in Oil and Gas insurance, underwriting, and claims administration.

Meanwhile, Arowojolu succeeds the erstwhile managing director, Mr. John Ijerheime who is retiring after over 40years of an illustrious career in insurance while Anibaba replaces Mrs. Yetunde Adenuga who previously served in the position but retired to pursue other opportunities.

In line with the Company’s vision, Arowojolu and Anibaba are bringing on board a wealth of experience to continuously improve service delivery through differentiated products and proactively managing the risks of its numerous customers and thus, delivering a unique customer experience.

Unitrust Insurance has shareholders’ funds in excess of N15billion and an Asset Base of over N19.6billion as of December 2021 financial year.