* To head General Insurance business
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Chuks Udo Okonta
The Nigerian subsidiary of pan-African Insurance giant and leading global financial services group, Old Mutual Limited (OML), has announced the appointment of Olalekan Oyinlade, as the new Managing Director for its General Insurance business in Nigeria. The appointment was announced in October 2019.
Oyinlade joined the company from Veritas Kapital Assurance Plc, where he was an Executive Director, Operations responsible for the overall Business Development and Technical Operations of the firm.
Oyinlade’s experience as a wealth and risk management expert came from his 22 years of cognate experience in various insurance roles including Chief Underwriter, Reinsurance Manager, among others. He specializes in direct and treaty reinsurance, underwriting, commercial claims handling, as well as extensive client and brokers relationship management.
Oyinlade, is a graduate of the prestigious University of Lagos (UNILAG), he started his professional career with Sovereign Trust Insurance Plc where he acquired considerable experience in General Business Underwriting and Reinsurance Operations. He joined AXA Mansard Insurance Plc in February 2004 and left in 2017 as Chief Underwriting Officer with additional responsibility for the company’s distribution activities in the Public & Infrastructure Sectors and management of the Life and Savings Portfolio.
Oyinlade is an Associate of the Chartered Insurance Institute of Nigeria (ACIIN) and Council of Registered Insurance Brokers of Nigeria (ACIB) as well as a member of Chartered Insurance Institute of London (CII).
He has attended several technical courses including Engineering & Special Risk courses organized by Africa Re, Oil & Energy Seminar organized by Munich Re and Energy Underwriting Seminar by HSBC, London. He has also attended development programmes at leading institutions including the Finance for Non-Finance Executives, IMD Switzerland and the Senior Management Programme, Lagos Business School. He is a prolific lecturer in the area of risk management with a personal bias for Reinsurance and Alternative Risk Transfer Mechanisms.
Old Mutual General Insurance Company and Old Mutual Nigeria Life Assurance Company are part of the globally acclaimed Old Mutual brand, which has over 170 years of experience in providing life assurance and wealth, personal finance savings and general insurance services.
Old Mutual, since its entry into the Nigerian market, had leveraged its heritage and expertise, launching a wide range of insurance solutions tailored to meet the unique needs of Nigerian’s insurable population and corporate clients.