FBNInsurance names Tunde Mimiko Managing Director/CEO


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Chuks Udo Okonta

Nigeria’s leading life insurer, FBNInsurance Limited has announced the appointment of Tunde Mimiko as its new Managing Director/Chief Executive Officer, following the retirement of Val Ojumah.

Tunde is a seasoned financial services professional with over 22 years’ experience spanning banking and insurance. He was actively involved in the transition of Union Assurance to Ensure Insurance Plc, having served as the acting Managing Director/CEO.

He had earlier worked as a Management Executive at WAPIC Insurance Plc and ARM Life Plc. He also had a stint at the defunct Intercontinental Bank Plc (now Access Bank Plc) as well as First Chartered Insurance Company Limited.

He is a Fellow of the Chartered Insurance Institute of Nigeria (FCIIN) and an alumnus of the prestigious Pan Atlantic University (Lagos Business School).

He also holds an MBA (Financial Management) from the Lagos State University. Prior to joining Sanlam Life Insurance Limited, Tunde was an Executive Director (Operations) at Sanlam General Insurance Nigeria Limited.

According to the Chairman of FBN Insurance Ltd., Dr. Femi Oyetunji, ‘Tunde brings over two decades of versatile and trusted financial services experience to our business, with a track record of excellence and integrity. We are confident of his ability to take FBN Insurance to greater heights.

Tunde succeeds Val Ojumah who has been MD since the inception of the business and grown the FBN Insurance brand to become one of the most successful and celebrated businesses in Nigeria.

Val steps down as MD and will remain with the business until April 2023 in an advisory role to support a smooth transition.

‘We thank Val Ojumah for his rare leadership, service, dedication and strong commitment to the success of FBN Insurance. Under Val’s leadership, FBN Insurance has experienced monumental growth and is today recognized as Nigeria’s leading insurance company’. The chairman said.

FBNInsurance is a Limited Liability Company licensed to transact Life Insurance business in Nigeria, providing cover for Individual and corporate clients with strong presence in almost every state in the country. FBNInsurance is also a member of the Sanlam Group, a leading diversified, pan-African financial services group. Leveraging the strength of the Sanlam Group brand, FBNInsurance is strategically positioned to transform the insurance industry in Nigeria. The company has won several awards including, Best Life Insurance Company in Nigeria by World Finance 2014, 2016, 2017, 2019 & 2020; Best Insurance Company in Africa by the African Insurance Awards, 2018; Fastest Growing Insurance Company by the National Association of Insurance and Pension Correspondents, 2018; Augusto & Co. A+ rating in 2016 & 2018 and Certified as a Great Place to Work, Medium-Sized Organisation.

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