The Board of Rex Insurance Limited (Rex) has strengthened its executive management with key appointments. They are Adesola Akintayo as executive director, Technical; Abayomi Kayode as chief financial officer (CFO); Adeyinka Aderombi as chief digital information officer (CDIO); and Kazeem Sulaimon as head, underwriting. These appointments have all been approved by the National Insurance Commission (NAICOM).
Speaking on the new appointments, Ike Chioke, chairman, Board of Directors, 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 make them an invaluable asset to the organization”.
Speaking further, he added that “They all have a strong reputation for innovative thinking, exceptional leadership, and a deep understanding of the industry 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”.
Their strategic vision and ability to drive operational excellence will be instrumental in guiding Rex Insurance towards continued success and expansion.
Adesola with her extensive experience and knowledge of the insurance industry, will drive continuous growth and profitability as the Executive Director of the Technical Department of Rex Insurance. Abayomi is charged with a focus on ensuring the financial wellbeing of the organization, optimizing resources, and driving long-term profitability.
Adeyinka as the Head of IT will lead technological advancements, ensuring that IT infrastructure supports business growth, operational efficiency, and innovation in Rex Insurance, and 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.
Furthermore, the company stated that 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.
Adesola Akintayo is a result-driven insurance professional with close to three decades of experience in underwriting, reinsurance, Claims and risk management.
Adesola started her insurance career with Royal Exchange Assurance Nigeria, (as the company was known then) in the Statistics Department, rising to become the Unit Head. She was later appointed the Head, Statistics & Reinsurance in the company.
She was also the Head, Statistics and Risk Management and was promoted senior manager/head, Underwriting and Reinsurance Plc and then elevated to an Assistant General Manager, Technical Operations.
She was moved up to the position of Deputy General Manager/Head, Underwriting/Reinsurance, Acting Head, Technical until her elevation and confirmation as the Executive Director, Technical (ED, Technical) at Rex Insurance Limited.
She holds an HND, Statistics from The Polytechnic, Ibadan and a master’s degree in business administration (Marketing) from Ladoke Akintola University. Mrs. Akintayo is an Associate of the Chartered Insurance Institute of Nigeria (ACII).
Abayomi Kayode is the chief finance officer (CFO) of Rex Insurance Limited. Prior to joining Rex Insurance, he was the CFO in 2 other insurance companies and was previously the head of Finance at a Life Insurance firm in Nigeria, where he also held other positions such as Head, Performance Management and later, Head, Premium Administration.
His previous experiences have given him the opportunity to set up the Finance and Investment processes, procedure and systems from the scratch and he has gained insights in strategy formulation and implementation as well.
He has over two decades experience in various Finance roles and vastly experienced with proven track record in financial management, financial and regulatory reporting, management accounting, mergers and acquisition, business process automation, compliance and capital management, and budgeting and strategy formulation as well as strategic leadership.
A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Abayomi is also an Associate of the Chartered Institute of Taxation of Nigeria (CITN) and holds an MBA in Financial Management from Ladoke Akintola University of Technology Ogbomoso and an HND from Ondo State Polytechnic.
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