In The News

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Life Insurance
General Insurance

ICAN representatives visit Sanlam Nigeria

In line with the tradition of the ICAN body, the executive members of ICAN Lagos Island District Society otherwise known as the Pioneer District Society of ICAN recently paid a courtesy call to Tunde Mimiko, the MD/CEO of Sanlam Life Insurance Nigeria and his Management team. The objective of the courtesy visit by the ICAN executives was to familiarise themselves with key stakeholders in the finance industry who are employers of their members. Sanlam Nigeria, being an employer of ICAN members, warmly welcomed the ICAN executives, while they discuss how to continually improve the relationship between ICAN and Sanlam Nigeria. Present at the courtesy visit were Alesta Wilcox, who is the Chairman of ICAN Lagos and District Society, John Isesele, the Immediate Past Chairman, ICAN Lagos and District Society, Tunde Mimiko, MD/CEO, Sanlam Life Insurance Nigeria, Cathy Sanni, Head, Human Resources and Admin, Sanlam Life Insurance Nigeria, Jubril Ajose, Head, Financial...Read more

Sanlam Nigeria wins BAFI Best Life Insurance Company Nigeria 2022

  Sanlam Life Nigeria wins BAFI Awards 2022 Life Insurance Company of the Year Sanlam Life Insurance Nigeria Limited, formerly FBNInsurance, has been awarded the Business Day Bank and Other Financial Institutions (BAFI) Life Insurance Company of the Year. The announcement was made at a high-profile ceremony held recently in Lagos. Awarded annually and backed by the highly rated Business Day’s Research and Intelligence Unit, the BAFI Awards seeks to identify and celebrate financial institutions and their leadership that have excelled across a number of areas. These include financial performance, shareholder value creation, brand value accretion, corporate governance, sustainability, employment of new technologies, compliance to standards, innovations, and contribution to the industry’s overall growth. During the award presentation at Sanlam Life’s Head Office in Marina, Lagos, the Managing Director/Chief Executive Officer, Business Day Medi...Read more

Sanlam Nigeria wins Best Life Insurance Company Nigeria 2022

Nigeria’s leading life insurer, Sanlam Life Insurance Nigeria Limited has yet again emerged the Best Life Insurance Company in Nigeria, 2022 as announced by World Economic Magazine Awards 2022. A statement obtained on the organisers’ website about the awardees: “The winners of this year’s World Economic Magazine Awards are the organisations with best-in-class performance and prominent listings in the global economic space. The World Economic Magazine Nomination and award winner selection process is based on core competencies, providing a unique benchmark for excellence in different domains. This year, the World Finance Insurance Awards showcases the best-in-class performers with prominent listings in the global economic space. The World Economic Magazine is committed to improving the present state of the world economy by engaging businesses and leaders of the business ecosystem across various channels that shape the industrial, regional, an...Read more

Sanlam, Africa’s largest non-banking financial services company, launches its brand in Nigeria

Sanlam, Africa’s largest non-banking financial services company, today announced the launch of its brand in the Nigeria market, rebranding FBN Insurance to Sanlam Life Insurance Nigeria Limited. The move supports the Sanlam’s strategy to deliver excellent products and services to clients through direct contact with the Sanlam brand. The rebrand further supports Sanlam’s efforts to enhance its presence across Africa as well as its ongoing investment in the continent. The rebranding will apply to the life and general insurance businesses, Sanlam Life Insurance Nigeria Limited and Sanlam General Insurance Nigeria Limited, respectively. Sanlam Pan Africa (SPA) Life Insurance Cluster CEO Robert Dommisse highlighted Sanlam’s commitment to Nigeria, and the importance of West Africa market to Sanlam. SPA is the division in Sanlam Emerging Markets, which encompasses Sanlam Group’s businesses in Africa and other emerging markets such as ...Read more

Tunde Mimiko now MD/CEO of Sanlam Nigeria.

Nigeria’s leading life insurer, Sanlam Nigeria (formally FBNInsurance Ltd.) has announced the appointment of Mr. Tunde Mimiko as its new Managing Director/Chief Executive Officer, following the retirement of Mr. Val Ojumah. Tunde Mimiko is a seasoned Insurance professional with over 23 years’ experience in life and general insurance, spanning sales and marketing, business development, strategy, vision & mission planning, technical operations, product development & management. Tunde is a transformational leader who has actively participated in the transition projects of the various companies where he served, including the transition of Union Assurance to Ensure Insurance Plc (now Allianz Nigeria), where he served as Managing Director/CEO between 2015-2017, WAPIC Insurance Plc (now Coronation Insurance Plc), and ARM Life Plc. Tunde Mimik...Read more

Sanlam Nigeria Announces Board Appointment

Nigeria’s leading life insurer, Sanlam Nigeria (formally FBNInsurance Limited.), has announced the appointment of Dr. Femi Oyetunji as its Chairman and Alhaji Mohammed Borodo as an Independent Non-Executive Director. Dr. Oyetunji has over 30 years of extensive industry experience with fiscal, strategic, operational, and transformational leadership. The last 10 years was spent as the Group Managing Director/CEO of Continental Reinsurance Plc where Oyentunji served before his retirement in 2021. Dr. Oyetunji, holds a Bachelor of Science degree from Victoria University of Manchester where he graduated with First Class in Statistics and Operational Research, a Master of Science degree [MSC] from the University of London, and a Ph.D. from the University of Manchester, Institute of Science & Technology, England and Fellow of the Institute of Actuaries, United Kingdom, Institute of Directors, Nigeria [IOD], and Association of Pension Funds of Nigeria. The industry...Read more

FBNInsurance declares 74 kobo dividend payment

FBNInsurance Limited, a leading insurer in Nigeria, recently concluded its Annual General Meeting in Lagos and the shareholders approved a full year dividend of 74 kobo per ordinary share for the year end 2021. Speaking at the Annual General Meeting, Mr. Val Ojumah, the Managing Director/Chief Executive Officer of FBNInsurance Limited, stated that FBNInsurance financial performance in 2021 demonstrates the company’s strong footing despite the challenging operating environment in 2021. “We are pleased with our 2021 financial year end results and also grateful for the trust that our shareholders have in our ability to continue to grow the business,” Mr. Ojumah commented. Mr. Ojumah further stated that while the nation anticipates an improved economy, FBNInsurance Limited remains adaptable and responsive to the unfolding trends, modifying plans and operations in a manner that would ensure the company achieves its strategic objectives. The div...Read more

FBNInsurance honours outgoing Chairman

The Board, Management, staff of FBNInsurance Limited, friends, and family members all gathered recently to celebrate the outgoing Chairman, Mrs. Adenrele Kehinde. Speaking at the event, Mr. Val Ojumah, the Managing Director/Chief Executive officer of FBNInsurance Limited, said Mrs. Adenrele demonstrated brilliance, excellence and a high level of professionalism, and strong competence on the job. Mr. Ojumah also described Mrs. Adenrele as an advocate of high ethical standards who regularly challenged the company’s executive management to deliver industry-leading results using her usual mantra “the result of hard work is more work.” Also, speaking at the event, Mr. Bode Opadokun, Managing Director/ Chief Executive Officer, FBN General Insurance Limited, applauded Mrs. Adenrele for her openness and professionalism. He added that though she has retired, the company would continue to draw from her wealth of experience. Mr. Oyewale Ariyibi, a No...Read more


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