African Alliance Insurance Appoints Mrs Omo as Acting MD
By Modupe Gbadeyanka
Mrs Olufunmilayo Omo has been announced as the Acting Managing Director/CEO of African Alliance Insurance Plc.
This followed the retirement of Mr Alphonse Okpor as the company’s MD effective March 4, 2017.
African Alliance Insurance explained that Mr Okpor retired after attaining the retirement age of 60 as prescribed by the internal policy of the company
In a statement issued on Wednesday by the firm, it was also announced that Mr Cyril Ajagu has resigned as the Chairman of the Board of Directors of the company effective July 21, 2016.
“The Board, at its meeting on November 22, 2016, accepted the letter of resignation of Engr. Cyril Ajagu as the Chairman of the Board and thereafter instructed the Company Secretary to notify all relevant regulatory bodies,” the statement said.
The insurance firm noted that the appointment of Mrs Omo was an interim measure pending the appointment of a substantive Managing Director/CEO.
Mrs Omo, the statement said, is an alumni of the University of Lagos and W3S awarded a B.Sc. Degree from that Institution in 1990.
She was trained as a Life Insurance Underwriter by Munich Re in South Africa and has over 15 years’ experience in life and Pension Business.
Mrs Omo joined African Alliance Insurance Plc (then a limited Liability Company) as an Assistant Superintendent in 1991.
She rose to the position of a Controller (Technical Operations) in charge of Individual Business in 2004 and became an Assistant General Manager in 2006.
Mrs Omo, a Chartered Insurer, was in 2012, at the Annual General Meeting (AGM) of the company appointed as an Executive Director (Technical).
She is an Associate Member of Chartered Institute of Insurance, London, an Associate Member of the Nigerian Institute of Management and an Associate of the Certified Pension Institute of Nigeria.