The Board of Directors, African Alliance Insurance Plc, has confirmed the appointment of Mrs. Funmilayo Omo, as the new managing director and chief executive officer of the company.
Omo’s appointment as the acting chief executive of the 56 year old life specialist underwriting firm on March 3, 2017, followed the retirement of the erstwhile managing director, Alohons Okpo.
A statement from the corporate communications personnel of the company, Stella Osanebi, said Omo’s appointment was recently confirmed by the industry regulator, National Insurance Commission (NAICOM).
Omo is a graduate of the University of Lagos, and was awarded a B.Sc. Degree in Insurance in 1990. She was trained as a Life Insurance Underwriter by Munich Re in South Africa, and has over 26 years’ experience in Life and Pension Business.
She joined African Alliance Insurance Plc (then a Limited Liability Company), as an Assistant Superintendent in 1991, and later rose to the position of Controller (Technical Operations) in charge of Individual Business in 2004. In 2006, she became an Assistant General Manager from where she advanced to become the Executive Director and Head of the Life operations.
With a proven track record for success, Omo is an Associate Member of the prestigious Chartered Insurance Institute of London, an Associate Member of the Nigerian Institute of Management, and an Associate of the Certified Pension Institute of Nigeria. She is also an alumnus of the Lagos Business School.
With her current position as the helmsman of the second largest life underwriting firm, Omo said her earnest dream is to transform African Alliance into a world class insurance company.