Regulator confirms REX Insurance’s new directors

The National Insurance Commission has approved the appointments of key executives to the Board of Rex Insurance Limited.

The newly appointed executives include Executive Director, Technical, Adesola Akintayo; Chief Financial Officer, Abayomi Kayode; Chief Digital Information Officer, Adeyinka Aderombi; and Head, Underwriting, Kazeem Sulaimon.

Speaking on the new appointments, the Chairman, Board of Directors, 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 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.”

With her extensive experience and knowledge of the insurance industry, the new Executive Director, Technical, Adesola Akintayo, will drive continuous growth and profitability of the company. Kayode is charged with a focus on ensuring the financial well-being 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, and Sulaimon, as the Head of Underwriting, which is the core of its business, will ensure Rex Insurance becomes a major player in the insurance space to strengthen risk management practices.

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 and financial growth and become a digital insurance company, offering efficient and seamless services to its clientele.