REX Insurance gets NAICOM’s approval to beef executive management team

An underwriting firm, Rex Insurance Limited, has got National Insurance Commission (NAICOM) approval to appoint new executives to drive its operation and industry’s efficiency across the country.

To this end, Adesola Akintayo has been appointed as the Executive Director, Technical; Abayomi Kayode as Chief Financial Officer (CFO); Adeyinka Aderombi as Chief Digital Information Officer (CDIO); and Kazeem Sulaimon as the Head, Underwriting.

Speaking on the new appointments, the company’s Chairman, Dr. Ike Chioke said: “These new appointments will play a pivotal role in driving the company’s strategic initiatives and fostering continued growth. With proven track records of success, they bring a wealth of experience and expertise to Rex Insurance.

“Their extensive background in their relevant positions makes them invaluable assets to the organisation.” He added: “They all have a strong reputation for innovative thinking, exceptional leadership, and a deep understanding of the industry’s landscape, and we are confident that their leadership will propel Rex Insurance to new heights and reinforce our position as an industry leader in the insurance landscape in Nigeria.

“Akintayo, with her extensive experience and knowledge of the insurance industry, will drive growth and profitability as the executive director of the Technical Department of Rex Insurance.

“Kayode is charged to focus on ensuring the financial wellbeing of the organisation, optimising resources, and driving long-term profitability.

“Aderombi as the head of IT will lead technological advancements, ensuring that IT infrastructure supports business growth, operational efficiency, and innovation in Rex Insurance, while Kazeem as the Head of Underwriting, which is the core of our business, will ensure Rex Insurance becomes a major player in the insurance space, with the goal of strengthening risk management practices.”

According to the underwriting firm, these four appointments were done to ensure that Rex Insurance continues to exploit the opportunities that abound in the general insurance space and ensure continued growth for the company, especially, as it seeks to focus on technical competence, financial growth, and become a digital insurance company, offering efficient and seamless services to its clientele.