Heirs Insurance coverage pronounces senior management appointments, company identify change

Heirs Insurance coverage pronounces senior management appointments, company identify change

Tony Elumelu
Tony Elumelu, Chairman of Heirs Holdings and founding father of the Tony Elumelu Basis

Heirs Insurance coverage corporations – Heirs Common Insurance coverage Restricted (previously Heirs Insurance coverage Restricted) and Heirs Life Assurance (HLA), have introduced appointments to their senior management positions, in addition to the identify change of Heirs Insurance coverage Restricted to Heirs Common Insurance coverage (HGI).

Heirs Common Insurance coverage introduced the appointment of Wole Fayemi to the position of MD/CEO efficient Could 2, 2023, whereas Tosin Bayo-Yusuf takes on the place of Govt Director/Chief Working Officer of Heirs Life Assurance.

Wole Fayemi has over 20 years of expertise within the Nigerian insurance coverage trade. Previous to becoming a member of HGI, he served as Govt Director, Technical, at Previous Mutual Common Insurance coverage, the place he led the operations workforce to attain top-line progress, re-organised the structural re-alignment of processes for greater effectivity, and drove the strategic route of the operations workforce.

Commenting on the brand new appointment, Wole Fayemi mentioned, “It’s a privilege to tackle this place. I’ve all the time been fascinated by the enterprise monitor document of the Heirs Holdings Group and the numerous impression Heirs Common Insurance coverage is making within the trade. I sit up for taking over this mantle of management and steering the corporate in the direction of its subsequent milestones”.

Learn additionally:Heirs Insurance, Heirs life $30,000 funding selects 17 young creative artists

Talking on the appointment, Tony O. Elumelu, CFR, Chairman, Heirs Holdings, dad or mum firm of Heirs Common Insurance coverage and Heirs Life, mentioned: “Wole’s expertise and imaginative and prescient for the insurance coverage trade align with HGI’s mission. I’ve nice confidence that he’s the precise chief for Heirs Common Insurance coverage within the subsequent section of its enterprise progress. His deep data of the insurance coverage trade and glorious enterprise improvement expertise will play an essential position in the way forward for the corporate, driving enterprise growth and establishing the corporate as a twenty first century insurer.”

Tosin’s appointment, then again, follows the retirement of Wasiu Amao, the previous Govt Director, Technical.

Tosin Bayo-Yusuf has a cumulative 17 years of labor expertise within the Nigerian insurance coverage trade. She joined Heirs Life in 2021 and has held a number of management positions, together with because the Head of Particular person Life Operations and, most not too long ago, because the Head of Bancassurance, the place she championed the bancassurance partnership with United Financial institution for Africa. She is going to help Heirs Life MD and CEO, Niyi Onifade, in driving the operations of the corporate.

Heirs Common and Heirs Life corporations reiterated their dedication and help to their regulators, the Nationwide Insurance coverage Fee, in rising insurance coverage penetration throughout Nigeria and redefining the insurance coverage expertise for hundreds of thousands of Nigerians. Each corporations are subsidiaries of Heirs Holdings, a pan-African funding firm with operations throughout twenty international locations worldwide.

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