By Sola Alabadan
Mr. Olusegun Omosehin has assumed duty today as the Commissioner for Insurance and chief executive of the National Insurance Commission (NAICOM), having been appointed by President Bola Tinubu on April 20. He is succeeding Sunday Thomas, who has completed his term of office.
In a similar vein, Olawoye Gam-Ikon assumed duty as the Deputy Commissioner (Technical Operations), while Usman Jankara Jimada is now the Deputy commissioner (Finance & Administration).
During an interactive session with the entire Management and Staff of the Commission, The new NAICOM boss stated the Executive Management would set a new tone for the Nigerian Insurance Sector.
His predecessor, Thomas, who was in attendance to officially handover to the new CFI, thanked the staff for their support while in office.
As the Federal Government intends to achieve a $1 Trillion economy by 2026, he said the Insurance Sector is expected to play a critical role and contribute to its quota to make this a reality.
Omosehin holds holds a Bachelor of Science degree in Political Science; a Master’s degree in International Law and Diplomacy (MILD); and also an M.Sc in Economics from the University of Lagos.
He is equally an Alumnus of the Lagos Business School (LBS) now Pan African University, as well as Said Business School, University of Oxford, UK.
He is a Fellow of the Chartered Insurance Institute of Nigeria; a Fellow of the Institute of Directors (FIoD); a Member of the Nigerian Institute of Management; and the Nigerian Society of International Law.
Prior to his appointment, Omosehin was the Managing Director of Old Mutual Nigeria Life Assurance Co. (OMNiLAC).
He was earlier the Managing Director/Chief Executive Officer of Mutual Benefits Assurance Plc.
Before joining the Mutual Benefits Assurance team in April 2010, Mr. Omosehin was the Managing Director/CEO of AIICO General Insurance Company Limited, the general insurance arm of AIICO Insurance Plc. He was also the MD/CEO of Admiral Insurance Company Limited between 2003 and 2007 before merging the company with Crusader Insurance Plc during the insurance consolidation exercise in 2007; a company where he started his insurance career in 1993.
He was a member of the pioneer team that started and nurtured Custodian & Allied Insurance Plc in 1995, where he worked for about nine years before his appointment as the MD/CEO of Admiral Insurance Limited in 2003. He started his career with Crusader Insurance (Nigeria) Plc in 1993 (then a specialist life assurance company)
His hobbies include Networking, Swimming, and Golfing. He is a member of the Ikoyi Club 1938 –Golf Section, and Ikeja Golf Club.