Mutual Benefits Assurance names Asenuga Managing Director as Omosehin retires


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Chuks Udo Okonta

Following the retirement of Olusegun Omosehin as the Managing Director of Mutual Benefits Assurance Plc., the firm has appointed Femi Asenuga as the new Managing Director/Chief Executive Officer (CEO), subject to regulatory approvals.

The firm said this in a statement signed by its Chief Compliance Officer, Jide Ibitayo, adding that Omosehin’s retirement will take effect from tomorrow December 23, 2019, after he has served the firm for a period of 10 years.

The company’s board appreciated Omosehin’s contributions over the years and wished him the best in his future endeavour.

The new Managing Director, Asenuga, holds a Master Degree in Business Administration and a Bachelor’s Degree in Insurance from the University of Lagos and an Associate of the Chartered Insurance Institute of Nigeria (CIIN).

He was the best graduating student in the final of the B.SC. Honours Insurance Examination, and won the Femi Johnson & Co. Prize as well as the Unity Life & Fire Insurance Company award for being the best overall graduating student in the department of Insurance for 1989/1990 session.

Asenuga started his Insurance career with Metropolitan Trust Insurance Company in 1993. He moved to Custodian and Allied Insurance as a pioneer manager in the underwriting department.

He is an alumnus of Lagos Business School and the Said Business School of University of Oxford, where he attended the Oxford Advanced Management & Leadership Programme.

He was until his appointment, the ManagingDirector/CEO of Mutual Benefits Life Assurance Limited.

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