By Bisi Bamishe
The Board of Rex Insurance Limited (Rex) has announced the appointments of key executives in the company.
They are Adesola Akintayo as Executive Director, Technical; Abayomi Kayode as Chief Financial Officer (CFO); Adeyinka Aderombi as Chief Digital Information Officer (CDIO); and Kazeem Sulaimon as Head, Underwriting. These appointments have all been approved by the industry regulator, the National Insurance Commission (NAICOM)
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 make them an invaluable asset to the organization”.
He added that “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”.
Their strategic vision and ability to drive operational excellence will be instrumental in guiding Rex Insurance towards continued success and expansion.
Adesola with her extensive experience and knowledge of the insurance industry, will drive continuous growth and profitability as the Executive Director of the Technical Department of Rex Insurance. Abayomi is charged with a focus on ensuring the financial wellbeing of the organization, optimizing resources, and driving long-term profitability. Adeyinka as the Head of IT will lead technological advancements, ensuring that IT infrastructure supports business growth, operational efficiency, and innovation in Rex Insurance, and Kazeem as the Head of Underwriting, which is the core of our business will ensure Rex Insurance becomes a major player in the insurance space, with the goal of strengthening risk management practices.
Furthermore, 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, financial growth, and become a digital insurance company, offering efficient and seamless services to its clientele.
Below are the profiles of the new appointees.
Mrs Sola Akintayo – Executive Director, Technical, Rex Insurance Limited-
ADESOLA AKINTAYO – Executive Director, Technical
Adesola Akintayo is the Executive Director, Technical, Rex Insurance Limited. She is a result-driven insurance professional with close to three decades of experience in underwriting, reinsurance, Claims and risk management.
Adesola started her insurance career with Royal Exchange Assurance Nigeria, (as the company was known then) in the Statistics Department, rising to become the Unit Head. She was later appointed the Head, Statistics & Reinsurance in the company.
She was also the Head, Statistics and Risk Management and was promoted Senior Manager/Head, Underwriting and Reinsurance Plc and then elevated to an Assistant General Manager, Technical Operations. She was moved up to the position of Deputy General Manager/Head, Underwriting/Reinsurance, Acting Head, Technical until her elevation and confirmation as the Executive Director, Technical (ED, Technical) at Rex Insurance Limited.
She holds an HND, Statistics from The Polytechnic, Ibadan and a master’s degree in business administration (Marketing) from Ladoke Akintola University. Mrs. Akintayo is an Associate of the Chartered Insurance Institute of Nigeria (ACII).
ABAYOMI KAYODE – Chief Financial Officer (CFO)
Abayomi Kayode is the Chief Finance Officer (CFO) of Rex Insurance Limited. Prior to joining Rex Insurance, he was the CFO in 2 other insurance companies and was previously the head of Finance at a Life Insurance firm in Nigeria, where he also held other positions such as Head, Performance Management and later, Head, Premium Administration.
His previous experiences have given him the opportunity to set up the Finance and Investment processes, procedure and systems from the scratch and he has gained insights in strategy formulation and implementation as well.
He has over two decades experience in various Finance roles and vastly experienced with proven track record in financial management, financial and regulatory reporting, management accounting, mergers and acquisition, business process automation, compliance and capital management, and budgeting and strategy formulation as well as strategic leadership.
A Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Abayomi is also an Associate of the Chartered Institute of Taxation of Nigeria (CITN) and holds an MBA in Financial Management from Ladoke Akintola University of Technology Ogbomoso and an HND from Ondo State Polytechnic.
ADEYINKA ADEROMBI – Chief Digital Information Officer (CDIO)
Mr. Adeyinka Aderombi is the Chief Digital Information Officer of Rex Insurance Limited and is an Information Technology leader with over 20 years’ experience in Information Technology and Digital Innovation, Transformation and Business.
Prior to joining Rex Insurance Limited, he was the Head of Digital Transformation at a composite insurance firm and has a varied work experience, with Liberty Holding Nigeria as Head, Business Solutions and IT infrastructure; Konga Online Shopping as Vice President, Product Management; General Electric International Operations Nigeria – Africa IT Infrastructure leader and Airtel Nigeria as IT applications and Billing Architect; among others.
Adeyinka holds a bachelor’s degree in computer engineering from Obafemi Awolowo University and an Executive MBA from Quantic School of Business and Technology. He also has a Certification in Digital Transformation from INSEAD, a master’s degree in Entrepreneurship and Innovation from the Rome Business School and a Post Graduate diploma in Artificial Intelligence and Machine Learning from the University of Austin, Texas
KAZEEM SULAIMON – Head, Underwriting
Kazeem Sulaimon is the Head, Underwriting, Rex Insurance Limited. He’s a Seasoned Insurance Professional with close to 2 decades of experience in Insurance Underwriting across various general insurance firms in Nigeria.
Kazeem’s career path has seen him traverse three (3) other general insurance firms where he cut his teeth in technical operations and underwriting. A multiple award winner, Kazeem has been recognized as the Most Disciplined Staff – 2007, Best Operations Staff – 2009, Most Customer Oriented Staff – 2020 and his Underwriting Team also won the Best Team of the year in 2022.
He joined Rex Insurance Limited in May 2023 as a Senior Manager (Underwriting) where he has also won Rex Insurance Customer Experience Champion (2024) and the Best Team Player of the Year 2024.
Kazeem Sulaimon holds a bachelor’s degree in business administration and master’s degree in risk management, both from the University of Lagos. He’s an Associate of both the Chartered Insurance Institute of Nigeria (ACII) and the Risk Management Association of Nigeria (RIMAN).
Rex Insurance Limited (Rex), is licensed by the National Insurance Commission (NAICOM) to offer the full range of general and special risks insurance products and with decades of experience in the Nigerian market, Rex Insurance has an enviable reputation for technical competence and financial strength.
With a vision of being the “Preferred Nigerian Insurance Company”, our strategic direction within the next 5 years is to focus on growth and profitability with the aim of growing the company’s gross premium written and be amongst the Top-3 general insurance companies in the market.
To achieve these objectives, we will continue to innovate and differentiate our products offerings, invest in research and technology to build capacity, undertake market insights for strategy and decision-making, and reposition our brand as reliable, innovative and more visible across all the market segments.
Rex Insurance seeks to undertake an improvement in its service delivery, optimise operational capabilities and engage, develop and retain the best human capital to make Royal Exchange General Insurance Company one of the best places to work in Nigeria.
Operating from twelve (12) business locations nation-wide to ensure maximum outreach and complete accessibility to its customer base, the company has an unwavering dedication to its core values of Resilience, Efficiency, eXellence, Integrity & Teamwork (REXIT), the company continues to maintain its lead in underwriting majority of the corporate risks in Nigeria.
