Unitrust Insurance Company Ltd. has appointed Mr Adedayo Arowojolu as Managing Director/Chief Executive Officer (CEO) and Mr Olatunji Anibaba as Executive Director (Technical).
Ms Swatchet Iliyasu, Head, Brand and Customer Service of the company, said in a statement made available on Thursday in Lagos that both appointments had been approved by the National Insurance Commission (NAICOM).
The statement said Arowojolu succeeded Mr John Ijerheime, who is retiring after over 40years in insurance, as Managing Director of the insurance company.
It noted that Anibaba replaced Mrs Yetunde Adenuga, who previously served in the position but retired to pursue other opportunities.
“In line with the company’s vision, Messrs Arowojolu and Anibaba are bringing on board a wealth of experience to continuously improve service delivery.
“This would be done through differentiated products and proactively managing the risks of our numerous customers and thus, delivering a unique customer experience,” the statement said.
According to the statement, Arowojolu, an expert in Oil and Gas insurance, sales, underwriting, and claims administration was the Managing Director/CEO of Coronation Insurance Ghana Ltd., prior to his appointment.
It said the new managing director was a Fellow of the Chartered Insurance Institute of Ghana (CIIG) and an Associate of the Chartered Insurance Institute of Nigeria (CIIN).
The statement said Arowojolu, who has over 24 years of work experience in the insurance industry, is a graduate of the University of Ibadan, where he obtained his first and second degrees.
For Anibaba, the statement said he started his career with Glanvill Enthoven & Co. Insurance Brokers and has over 25 years of work experience in the insurance industry.
It revealed that prior to Anibaba’s appointment, he was the Chief Marketing Officer of Custodian Insurance Plc with wealth of experience in Oil and Gas insurance, underwriting and claims administration
“Anibaba is a graduate of Lagos State Polytechnic, Lagos and has a Masters in Business Administration from Obafemi Awolowo University, Ife, Osun State,” the said.
Licensed in 1986 in Nigeria to operate as a General/Non-Life insurance company, Unitrust Insurance has a range of insurance products which include but not limited to Oil and Gas, Motor, Marine and Aviation, Engineering, Agriculture, and Travel.
The Company has shareholders’ funds in excess of N15 billion and an Asset base of over N19.6billion as of Dec. 2021 audited financials.