FBSRE - Key Persons

Job Titles:

• Director
• Melvin Jones Fellow
• President and Chief Executive of Standard Insurance Consultants Limited

Dr. Salawudeen, the President and Chief Executive of Standard Insurance Consultants Limited is a successful Chartered Insurance Practitioner and Real Estate Investment Adviser with track record spanning over 4 decades experience in the Global Insurance Market Place and a Frontline leader in Placement and Management of Various Insurance Risks including but not limited to Oil & Gas, Aviation & Space, Special Risks (Kidnapping & Ransom), Marine Hull Cargo, Protection and Indemnity, Construction/Operational, etc. Dr. Salawudeen, a Melvin Jones Fellow, is a Full Member of the Global Club of Leaders and Honourable Member, European Business Assembly (EBA) under the auspices of The Socrates Committee in Oxford, United Kingdom. He was honoured by the World Confederation of Businesses (WORLDCOB) with the "World Leader Businessperson' award in 2017, 2018, 2019 and

Job Titles:

• Chairman

Job Titles:

• Independent Director

Job Titles:

• CEO
• Managing Director

Job Titles:

• Assistant General Manager, Underwriting and Marketing

Job Titles:

• Director
• Insurance Practitioner and Administrator

Mr. Fola Daniel is a veteran insurance practitioner and administrator per excellence. He has experience spanning over 40 years at the Managerial, Senior and Executive Management Level including 13 years as Managing Director of two frontline insurance institutions and 8 years as the Commissioner for Insurance/Chief Executive of the apex Nigerian insurance regulatory authority (NAICOM). The Former Commissioner for Insurance studied in Nigeria and the United Kingdom. He is a Fellow of the Chartered Insurance Institute, London, Fellow of the Chartered Insurance Institute of Nigeria as well as Fellow of the British Institute of Management. He started his insurance career in Great Nigeria Insurance Co. Ltd in 1978, rising to the position of Northern Area Manager, Kano. In 1989, he joined Globe Reinsurance Plc as Underwriting Manager and rose to the position of Assistant General Manager (Technical) from where he was appointed by the Federal Government as Executive Director (Operations) of Nigerian Agricultural Insurance Corporation, June 1994, and later appointed the Managing Director/CEO of the Corporation in November, 1994, and held the position for 10 years. He returned to Globe Reinsurance Plc as Managing Director/CEO in August, 2004, a position he occupied till 2007 when he was appointed by the Federal Government of Nigeria as Commissioner for Insurance/Chief Executive. He left office end of July,2015 after successfully completing the maximum statutory two terms of eight years. In 2016, he worked with other Promoters to establish FBS Reinsurance Limited and became the pioneer CEO upon it's licensing by NAICOM in November, 2020.

Job Titles:

• Executive Director

Mr. Shola Ajibade is an accomplished reinsurance underwriter with over thirty (30) years' experiences in insurance and reinsurance. He has garnered his experience through serving in leading institutions in different capacities. Mr. Ajibade joined FBS Reinsurance Limited from January 2021 as Director of Operations. Before joining FBS Reinsurance Limited, he was the General Manager (Operations) in Continental Re Plc in charge of Anglophone West Africa. He previously worked with Aon Benfield of South Africa where he held the position of Executive (Treaty) for Sub Sahara Africa. He was also a Senior broker for West Africa and Portuguese markets. Prior to joining Aon Benfield, he worked at Swiss Re South Africa and Swiss Re Ivory Coast. He also worked in senior executive positions at United African Insurance Brokers (UAIB) Nigeria, The Lion of Africa Insurance Company, Nigeria and Africa Re, Nigeria from where he started his career as an underwriting assistant. He is a fellow of the Chartered Insurance Institute, London, Fellow, Insurance Institute of South Africa and an MBA holder from the University of South Africa. He holds a Higher National Diploma in Insurance from the Lagos State College of Science and Technology. In addition to English, Mr Ajibade has some working proficiency in the French and Portuguese languages.

Job Titles:

• Chief Finance Officer
• Chief Financial Officer

Musa Kolo is a 1987 Accounting graduate of Ahmadu Bello University, Zaria. He is also a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), and an Associate of both the Nigerian Institute of Management (NIM) and the Chartered Institute of Taxation of Nigeria (CITN). He obtained the Advanced Management Programme (AMP) certificate of the Lagos Business School (LBS), Pan-African University, Lagos in 2004. Musa has over thirty (30) years of varied working experience spanning banking and insurance. Had over a decade's experience in banking rising to the position of a bank treasurer before moving to insurance where he was General Manager (GM) and Head of Finance and Accounts department of Continental Reinsurance PLC before leaving in March, 2017. Amongst the highlights of his career in Continental Re is the design of the company's recapitalisation programme and active participation in its execution during the 2005 to 2007 regulatory induced industry recapitalisation that ensured the continued existence of the company today.

Job Titles:

• Head of Francophone

Job Titles:

• Head of IT

Job Titles:

• Director

Steve Kyerematen is an insurance and reinsurance professional with over 40 years of experience having served in various roles and capacities in the African insurance and reinsurance segment. He currently holds the following positions: Chairman of Board of Directors, MiLife Insurance Company, Ghana, Chairman of the Board of Activa International Insurance Company of Liberia, Chairman of the Board of Directors of Activa International Insurance Company of Sierra Leone, Vice Chairman, Board of Directors of Activa International Insurance Company, Ghana, Member of the Board of Directors of Activa Finances, Mauritius, Member of Board of Directors, UGAR Activa, Guinea and Member of Board of Directors, Activa Vie Assurance, Guinea. Stephen has been a Member of the Board of Directors of ACTIVA GROUP FOUNDATION from inception. Stephen Kyerematen started his insurance and reinsurance career in the market-leading State Insurance Company of Ghana in October 1976 as Reinsurance Manager, he was responsible for designing and implementing the reinsurance program for protecting the underwriting risk exposures of the company in all the non-life classes of insurance business. He served as the Secretary-General of the West African Insurance Companies Association between 1984 and 1988. He served for 3 years as the Head of the International Division in the Head Office of the African Reinsurance Corporation in Lagos, Nigeria where he was responsible for risk evaluation and underwriting acceptances of all non-African insurance risks for the account of Africa Re. During this period, he served as Manager for both the African Oil and Energy Insurance Pool and the African Aviation Insurance Pool for Africa Re. He lectured at Munich Re reinsurance seminars and has to his credit two presentations on the topics, ‘The Economic Value of Reinsurance and ‘Africa's Low Insurance Penetration'. Between 1997 and 2007, Stephen Kyerematen served as Regional Manager and Member of Operational Management for the Munich Reinsurance Group and Munich Mauritius Re based in Accra, Ghana with territorial responsibility for West and Central African insurance markets. Up until 2014, he served as a member of the Board of Directors of the Ghana Insurers Association. He also served for four years as the Chairman of the Ghana National Bureau of the ECOWAS (Economic Community of West African States) Brown Card Insurance Scheme. Stephen served with the Activa Insurance Group for 7 years as CEO, Activa International Insurance Company, Ghana and as MD of Activa Finances between 2014 and 2017. has over 40 years of experience in the insurance sector in Nigeria and has served on Boards of more than 20 national and multinational institutions. Ganiyu is a highly experienced management professional with nearly 40 years of diversified experience in insurance, reinsurance, audit, consulting, business advisory and financial management. is a veteran insurance practitioner and administrator. He has over 40 years experience at Senior and Executive Management Level and 8 years as the Commissioner for Insurance of the apex Nigerian insurance regulatory authority. Stephen Kyerematen is an insurance and reinsurance professional with over 40 years of experience having served in various roles and capacities in the African insurance and reinsurance segment

Job Titles:

• Company Secretary

Taiwo is a Law graduate of Obafemi Awolowo University, Ile-Ife and was called to the Nigerian Bar. He holds a Degree of Master of Laws (LL.M). Taiwo is currently the Company Secretary/Head Legal and Compliance of FBS Reinsurance Limited. His core competences are in the areas of Legal Research, Corporate Law, Corporate Governance and Board Governance. started his career in the financial sector in Nigeria 27 years ago and worked in varied roles. He worked as a Legal Officer, Niger Insurance Plc, before being seconded to NIC Securities & Trust Ltd where he rose to become the Chief Executive Officer.

Job Titles:

• Director
• Founder and Group Managing Director of the Custodian Group

Wole is the founder and Group Managing Director of the Custodian Group - a leading Insurance group in Sub Saharan Africa with interests in Life Insurance, General Insurance, Pensions and Trusteeship business. He is an industry leader with over thirty (30) years of experience and has at various times been a member of the Presidential Committee on Pension Reforms, Chairman of the Nigerian Insurers Association, Executive Council Member - African Insurance Organization (Cameroun), Council Member of the West African Insurance Companies Association (Ghana), and External Lecturer - West African Insurance Institute, Banjul, The Gambia.

Job Titles:

• Director

Abubakar served as a Commissioner in the Nigeria Communications Commission (NCC) between 2011 and 2015. He is a Director of Kano Electricity Distribution Company (2013 to date), and Chairman of Kaduna Electricity Distribution Company (2015 to date). He was Chairman of Niger Insurance Plc. He is a recipient of various national and international awards and honours, including the Officer of the Order of the Niger (OON); Fellow, Eisenhower Foundation (EF), Philadelphia, USA, and Honorary Doctor of Business Studies, Robert Gordon University, UK.