Following the takeover of Nigeria Reinsurance Corporation by Asset Management Corporation of Nigeria, Mr. Olugbenga Falekulo (pictured) received the joint empowerment of AMCON and Bureau for Public Enterprise and the endorsement the National Insurance Commission to take the helm as the managing director/chief executive officer.
The re-gigged board and management charged to account would be transparent and efficient and take the corporation to the level where it will regain the confidence and endorsement of the insurance market first in Nigeria and the sub region.
Enamoured with over 25 years in the market Falekulo is not only changing the dashboard of the board and management but birthing a promise to transport Nigeria Re to a new era with Mr Mela Audu Nunghe as board chairman, Mr Olusegun Ilori, executive director finance and administration. Others on the board are Mr Alexander Ayoola Okoh, the Director General BPE non-executive director and Mrs Yvonne Isichei MIoD as non-executive director(independent.)
He has BSc in Insurance, Masters in Business Admin, a member of the Chartered Insurance Institute of London. He has worked in worked NICON Insurance, Great Nigeria and Continental Re, where he left as executive director in 2014 for private business until this appointment. He is well travelled and has attended so many course within and outside Nigeria. He is married with children.
Nigeria Reinsurance Corporation was established under the Nigeria Reinsurance Corporation Act No. 49 of 1977. It commenced operations on January 1st, 1978, as Nigeria’s flag reinsurer, wholly owned by the Government of the Federal Republic of Nigeria. In 2002, the Corporation was transformed from being a Federal Government wholly owned Corporation to a privatised company with the government retaining minority shares. The Corporation has over 40 years business operations providing reinsurance services and risk management solutions to its clients.