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Rex Insurance Appoints Key Executives

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5 months ago

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The Board of Rex Insurance Limited (Rex) has announced the appointments of key executives in the company, as part of efforts to keep rendering qualitative services to its customers.

They are Adesola Akintayo as Executive Director, Technical; Abayomi Kayode as Chief Financial Officer (CFO); Adeyinka Aderombi as Chief Digital Information Officer (CDIO); and Kazeem Sulaimon as Head, Underwriting. These appointments have all been approved by the industry regulator, the National Insurance Commission (NAICOM)

Speaking on the new appointments, the Chairman, Board of Directors, Dr. Ike Chioke, said “These new appointments will play a pivotal role in driving the company’s strategic initiatives and fostering continued growth. With proven track records of success, they bring a wealth of experience and expertise to Rex Insurance. Their extensive background in their relevant positions make them an invaluable asset to the organisation”.

He added that “They all have a strong reputation for innovative thinking, exceptional leadership, and a deep understanding of the industry landscape, and we are confident that their leadership will propel Rex Insurance to new heights and reinforce our position as an industry leader in the insurance landscape in Nigeria”.

Their strategic vision and ability to drive operational excellence will be instrumental in guiding Rex Insurance towards continued success and expansion.

Adesola with her extensive experience and knowledge of the insurance industry, will drive continuous growth and profitability as the Executive Director of the Technical Department of Rex Insurance. Abayomi is charged with a focus on ensuring the financial wellbeing of the organization, optimising resources, and driving long-term profitability. Adeyinka as the Head of IT will lead technological advancements, ensuring that IT infrastructure supports business growth, operational efficiency, and innovation in Rex Insurance, and Kazeem as the Head of Underwriting, which is the core of our business will ensure Rex Insurance becomes a major player in the insurance space, with the goal of strengthening risk management practices.

Furthermore, the company stated that these four appointments were done to ensure that Rex Insurance continues to exploit the opportunities that abound in the general insurance space and ensure continued growth for the company, especially as it seeks to focus on technical competence, financial growth, and become a digital insurance company, offering efficient and seamless services to its clientele.

Below are the profiles of the new appointees.

Mrs Sola Akintayo – Executive Director, Technical, Rex Insurance Limited-
ADESOLA AKINTAYO – Executive Director, Technical

Adesola Akintayo is the Executive Director, Technical, Rex Insurance Limited. She is a result-driven insurance professional with close to three decades of experience in underwriting, reinsurance, Claims and risk management.

Adesola started her insurance career with Royal Exchange Assurance Nigeria, (as the company was known then) in the Statistics Department, rising to become the Unit Head. She was later appointed the Head, Statistics & Reinsurance in the company.

She was also the Head, Statistics and Risk Management and was promoted Senior Manager/Head, Underwriting and Reinsurance Plc and then elevated to an Assistant General Manager, Technical Operations. She was moved up to the position of Deputy General Manager/Head, Underwriting/Reinsurance, Acting Head, Technical until her elevation and confirmation as the Executive Director, Technical (ED, Technical) at Rex Insurance Limited.

She holds an HND, Statistics from The Polytechnic, Ibadan and a master’s degree in business administration (Marketing) from Ladoke Akintola University. Mrs. Akintayo is an Associate of the Chartered Insurance Institute of Nigeria (ACII).

Abayomi-Kayode-Chief-Financial-Officer-Rex-Insurance-Limited.
ABAYOMI KAYODE – Chief Financial Officer (CFO)

Abayomi Kayode is the Chief Finance Officer (CFO) of Rex Insurance Limited. Prior to joining Rex Insurance, he was the CFO in 2 other insurance companies and was previously the head of Finance at a Life Insurance firm in Nigeria, where he also held other positions such as Head, Performance Management and later, Head, Premium Administration.

His previous experiences have given him the opportunity to set up the Finance and Investment processes, procedure and systems from the scratch and he has gained insights in strategy formulation and implementation as well.

He has over two decades experience in various Finance roles and vastly experienced with proven track record in financial management, financial and regulatory reporting, management accounting, mergers and acquisition, business process automation, compliance and capital management, and budgeting and strategy formulation as well as strategic leadership.

A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Abayomi is also an Associate of the Chartered Institute of Taxation of Nigeria (CITN) and holds an MBA in Financial Management from Ladoke Akintola University of Technology Ogbomoso and an HND from Ondo State Polytechnic.

Adeyinka-Aderombi-Chief-Digital-Information-Officer-Rex-Insurance-Limited
ADEYINKA ADEROMBI – Chief Digital Information Officer (CDIO)

Mr. Adeyinka Aderombi is the Chief Digital Information Officer of Rex Insurance Limited and is an Information Technology leader with over 20 years’ experience in Information Technology and Digital Innovation, Transformation and Business.

Prior to joining Rex Insurance Limited, he was the Head of Digital Transformation at a composite insurance firm and has a varied work experience, with Liberty Holding Nigeria as Head, Business Solutions and IT infrastructure; Konga Online Shopping as Vice President, Product Management; General Electric International Operations Nigeria – Africa IT Infrastructure leader and Airtel Nigeria as IT applications and Billing Architect; among others.

Adeyinka holds a bachelor’s degree in computer engineering from Obafemi Awolowo University and an Executive MBA from Quantic School of Business and Technology. He also has a Certification in Digital Transformation from INSEAD, a master’s degree in Entrepreneurship and Innovation from the Rome Business School and a Post Graduate diploma in Artificial Intelligence and Machine Learning from the University of Austin, Texas

Kazeem-Sulaimon-Head-Underwriting-Rex-Insurance-Limited
KAZEEM SULAIMON – Head, Underwriting

Kazeem Sulaimon is the Head, Underwriting, Rex Insurance Limited. He’s a Seasoned Insurance Professional with close to 2 decades of experience in Insurance Underwriting across various general insurance firms in Nigeria.

Kazeem’s career path has seen him traverse three (3) other general insurance firms where he cut his teeth in technical operations and underwriting. A multiple award winner, Kazeem has been recognized as the Most Disciplined Staff – 2007, Best Operations Staff – 2009, Most Customer Oriented Staff – 2020 and his Underwriting Team also won the Best Team of the year in 2022.

He joined Rex Insurance Limited in May 2023 as a Senior Manager (Underwriting) where he has also won Rex Insurance Customer Experience Champion (2024) and the Best Team Player of the Year 2024.

Kazeem Sulaimon holds a bachelor’s degree in business administration and master’s degree in risk management, both from the University of Lagos. He’s an Associate of both the Chartered Insurance Institute of Nigeria (ACII) and the Risk Management Association of Nigeria (RIMAN).

Rex Insurance Limited is licensed by the National Insurance Commission (NAICOM) to offer the full range of general and special risks insurance products and with decades of experience in the Nigerian market, Rex Insurance has an enviable reputation for technical competence and financial strength.

With a vision of being the “Preferred Nigerian Insurance Company”, our strategic direction within the next 5 years is to focus on growth and profitability with the aim of growing the company’s gross premium written and be amongst the Top-3 general insurance companies in the market.

To achieve these objectives, we will continue to innovate and differentiate our products offerings, invest in research and technology to build capacity, undertake market insights for strategy and decision-making, and reposition our brand as reliable, innovative and more visible across all the market segments.

Rex Insurance seeks to undertake an improvement in its service delivery, optimise operational capabilities and engage, develop and retain the best human capital to make Royal Exchange General Insurance Company one of the best places to work in Nigeria.

Operating from 12 business locations nationwide to ensure maximum outreach and complete accessibility to its customer base, the company has an unwavering dedication to its core values of Resilience, Efficiency, eXellence, Integrity & Teamwork (REXIT), the company continues to maintain its lead in underwriting majority of the corporate risks in Nigeria.

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Business

SanlamAllianz Organises Roadshow To Deepen Insurance Awareness

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9 hours ago

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June 20, 2025

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By Sola Alabadan

SanlamAllianz, formed from the merger of Allianz and Sanlam, will begin 12-city nationwide roadshow on June 23, following the brand’s recent official introduction to the Nigerian market.
The campaign, which will take place in Lagos, Ibadan, Akure, Warri, Port Harcourt, Uyo, Onitsha, Enugu, Owerri, Kano, Jos, and Abuja, is part of the company’s strategic effort to deepen customer engagement, and raise awareness about the brand and insurance.
It is also intended to demonstrate the company’s commitment to making wealth creation and financial protection capabilities more accessible to individuals and businesses in the country.
Speaking on this initiative, Tunde Mimiko, MD/CEO of SanlamAllianz Life Insurance, said: “This nationwide campaign signals the scale of our ambition and the depth of our commitment to the Nigerian market. At the heart of insurance is trust, and trust begins with presence. Reaching customers where they are is fundamental to how we are building SanlamAllianz.
“This roadshow is a strategic move to bridge the gap between perception and reality, allowing us to engage directly with our customers and Nigerians in general, challenge long-held misconceptions, and position insurance as a practical tool for thriving in financial confidence, building resilience and long-term financial security.”
As part of the roadshow, SanlamAllianz will hold customer engagement forums in each of the 12 cities. The in-person sessions allow customers to interact directly with the company’s leadership and frontline teams. The forums aim to reconnect with customers under the unified brand and reaffirm its long-term commitment to the local market.
“Insurance only becomes relevant when it is understood, trusted, and connected to the realities people face,” said Yomi Onifade, MD/CEO of SanlamAllianz General Insurance.
“These forums are our way of reintroducing SanlamAllianz not just as a merged entity, but as a unified brand committed to showing up for Nigerians. We are creating a platform for real conversations — to listen, address concerns, and deepen understanding. This is how SanlamAllianz intends to lead, by listening actively, showing up with solutions, and shaping a future where insurance is truly embedded in the fabric of everyday Nigerian life,” he added.
By adopting a city-by-city physical rollout, SanlamAllianz Nigeria is positioning itself as one of the few players actively investing in deeper grassroots engagement toward deepening insurance penetration in Nigeria.

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NAICOM, OHCSF Move To Ensure Workers Benefit From Group Life Assurance

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1 day ago

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June 19, 2025

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By Sola Alabadan

In order to equip civil servants with knowledge and tools to effectively manage and benefit from the Group Life Assurance Policy, the National Insurance Commission (NAICOM) and the Office of the Head of the Civil Service of the Federation (OHCSF) recently organised a capacity-building workshop on the compulsory insurance policy in Abuja.

Section 9(3) of the Pension Reform Act 2014 mandates employers to maintain a Group Life Assurance policy for their employees, with a benefit of at least three times the employee’s annual total emolument.

The workshop brought together stakeholders from government ministries, departments, and agencies to enhance understanding and implementation of the policy.

In her opening remarks, Mrs. Didi Esther Walson-Jack, Head of the Civil Service of the Federation, represented by Mrs. Oyekunle Patience, emphasised the importance of insurance in safeguarding public servants’ welfare and ensuring financial security for their families. She commended President Bola Tinubu for renewing the annuity policy and applauded NAICOM for initiating the training.

The Commissioner for Insurance, Mr. Olusegun Omosehin, represented by Mr. Ekerete Ola Gam-Ikon, Deputy Commissioner for Finance and Administration, expressed appreciation for the collaboration and assured participants of NAICOM’s commitment to transparency and accountability in policy implementation.

The workshop aimed to equip civil servants with knowledge and tools to effectively manage and benefit from the Group Life Assurance Policy, a critical component of the Federal Government’s welfare package.
The event marked a significant step in strengthening life insurance policy implementation across the federal civil service, reinforcing the government’s dedication to employee well-being.

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PenCom Mandates Newspaper Owners To Pay N720m Pension Debt

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2 days ago

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June 18, 2025

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The Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran, has raised alarm over widespread non-compliance with the Pension Reform Act (PRA) 2014 by media organisations in Nigeria, revealing that newspaper owners owe journalists over N720 million unpaid pension contributions.
Speaking during a courtesy visit to the President of the Newspaper Proprietors’ Association of Nigeria (NPAN), Mr. Kabiru Yusuf, in Abuja recently , Ms. Oloworaran described the findings as “very troubling” and called for urgent collaboration between PenCom and newspaper proprietors to enforce compliance across the sector.
PenCom acknowledged the deep value of the role of the media in shaping public discourse, and said it is disheartening that many organisations within the media are failing to meet a fundamental obligation to their employees.
The Director General said PRA 2014 mandates all employers to remit pension contributions for their employees monthly, within seven days of salary payment.
However, she said PenCom’s investigations show that many newspaper houses have ignored this obligation, with arrears totalling over N720 milliiaon.
Ms. Oloworaran informed NPAN that PenCom is not seeking to penalise erring organisations at this stage, but prefers a collaborative approach to achieving sector-wide compliance.
She added that PenCom has been engaging employers across industries and recently held discussions with the Nigerian Press Council (NPC) to drive awareness and compliance in newspaper organisations,.
While noting the overall poor compliance within the industry, the DG singled out Daily Trust for commendation, describing the paper as a “leading example” for consistently meeting its pension obligations since 2015.
Responding, NPAN President, Kabiru Yusuf, acknowledged the pension compliance issues in newspaper organisations in Nigeria, but urged PenCom to understand the dire financial situation of the media industry.
NPAN President said the reality is that many newspapers in Nigeria are struggling to even pay staff salaries, let alone pension contributions, adding that only a few are managing to stay afloat, and even among them, there is often reluctance to part with money for statutory payments like tax and pensions.
He welcomed PenCom’s engagement efforts and proposed a broader industry dialogue through the Nigerian Press Organisation (NPO), a coalition that includes NPAN, the Nigerian Guild of Editors (NGE), and the Nigeria Union of Journalists (NUJ). Yusuf suggested that PenCom participate in an expanded meeting of stakeholders in Lagos this year, where the challenges of compliance and potential solutions can be jointly addressed.
Ms. Oloworaran agreed to the proposal, expressing hope that such a forum would serve as a meaningful step toward sustainable pension reform compliance in the media.
“We are not focused on being punitive because the law allows us to sanction. That is not what we are looking at. I believe we can work together to get all these media houses to make the necessary contributions towards the financial security of their workers,” the DG said.
The meeting marked a renewed effort by PenCom to hold employers in the media sector accountable and compliant with the PRA 2014.

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