The Executive Committee of the African Insurance Organisation has finally announced that the 47th Conference and Annual General Assembly of the organisation will now hold in Lagos, Nigeria from the September 4 – 8, 2021.
This is according to a statement signed by Moki Charles Linonge, AIO’s Head of Communication and General Affairs.
Recalled that the AIO conference was initially scheduled to take place from May 31 to June 3, but the AIO postponed the event until October after taking into consideration the measures and travel advisories imposed by governments around the world including Africa, due to the coronavirus pandemic.
The executive committee of AIO cancelled the conference and rescheduled it for October 2020, following an extraordinary meeting to discuss the current situation with regard to the COVID-19 pandemic.
The decision was supported by the local organising committee which is the Nigerian Insurers Association.
Delegates who had already registered were given the options to either reqw to be reimbursed or have their bookings carried forward to 2021.
In a similar vein, the 2020 African Reinsurance Forum was moved forward to 2021 and will be held in Kigali, Rwanda.
The African Reinsurance Forum initially planned to take palce in Lome, Togo in 2021 will eventually be held in 2022, in the same city.
Falekulo Emerges New MD Of Nigeria Re
Mr Olugbenga Falekulo has been appointed as the new Managing Director of Nigeria Reinsurance Corporation, as part of efforts to ensure that the Reinsurance firm continue in its quest for transparent and accountable management of insurance in the country.
Falekulo, with over 25 years of experience spanning across the sector, said he brought his wealth of experience and professionalism to the fore.
The new Managing Director stated that he and his team are prepared to take Nigeria Re to the next level in the market.
Although he did not disclose the strategic plans the new new management have put together, he assured that Nigeria Re is taking a new dimension in the insurance industry, promising that a new era is here for the company.
He has BSc in Insurance, Masters in Business Administration, and he is also a.member of the Chartered Insurance Institute of London.
Prior to this appointment, he had worked with NICON Insurance, Great Nigeria and Continental Re. He left Continental as an Exexutive Director before in 2014 and went into his private business.
He is well travelled and has attended so many courses within and outside Nigeria. He is married with children.
Nigeria Reinsurance has Mr Mela Audu Nunghe as its Chairman, Falekulo as Managing Director/Chief Executive Officer, Mr Olusegun Ilori as Executive Director, Finance & Administration, Mr Alexander Ayoola Okoh, the Director-General of Bureau for Public Enterprises (BPE) as Non-Executive Director, and Mrs Yvonne Isichei as Non-Executive Director (Independent).
Nigeria Reinsurance was established under the Nigeria Reinsurance Corporation Act No. 49 of 1977. It commenced operations on January 1, 1978, as Nigeria’s flag reinsurer, wholly owned by the Government of the Federal Republic of Nigeria. In 2002, the Corporation was transformed from being a Federal Government wholly owned Corporation to a privatised company with the government retaining some shares. The Corporation, which has been in operation for over 40 years, is in the business of assuming risks, providing reinsurance services and risk management solutions to its clients.
Pension Fund Assets Now N12. 7trillion, Contributors 9. 4million
By Sola Alabadan
The pension fund assets accumulated under the Contributory Scheme in Nigeria was N12.66 trillion as at 30 June 2021, while the number of registered contributors has grown to 9.38 million, the Director General, National Pension Commission (PenCom), Aisha Dahir-Umar, said.
She stated this at the workshop organised PenCom for journalists in Lagos on Monday. The theme of the workshop was “Positioning the Pension Industry in a Post COVID Era”.