The Nigerian subsidiary of pan-African insurance and global financial services group, Old Mutual Limited (OML), has announced the appointment of Mr Olalekan Oyinlade, as the new managing director for its general insurance business in Nigeria.
He has since assumed duty.
Mr Oyinlade joined the company from Veritas Kapital Assurance Plc, where he was an executive director, Operations responsible for the overall business development and technical operations of the firm.
Oyinlade’s experience as a wealth and risk management expert came from his 22 years of cognate involvement in various insurance roles including chief underwriter, reinsurance manager, among others. He specializes in direct and treaty reinsurance, underwriting, commercial claims handling, as well as extensive client and brokers relationship management.
The new MD is a graduate of University of Lagos (UNILAG). He started his professional career with Sovereign Trust Insurance Plc where he acquired considerable experience in General Business Underwriting and Reinsurance Operations.
He joined AXA Mansard Insurance Plc in February 2004 and left in 2017 as Chief Underwriting Officer with additional responsibility for the company’s distribution activities in the Public & Infrastructure Sectors and management of the Life and Savings Portfolio.
Oyinlade is an Associate of the Chartered Insurance Institute of Nigeria (ACIIN) and Council of Registered Insurance Brokers of Nigeria (ACIB) as well as a member of the Chartered Insurance Institute of London (CII).
He has attended several technical courses including Engineering and Special Risk courses organized by Africa Re, Oil & Energy Seminar organized by Munich Re and Energy Underwriting Seminar by HSBC, London.
He has also attended development programmes at leading institutions including the Finance for Non-Finance Executives, IMD Switzerland and the Senior Management Programme, Lagos Business School. He is a lecturer in risk management with a personal bias for Reinsurance and Alternative Risk Transfer Mechanisms.