Old Mutual Nigeria Limited, subsidiary of Old Mutual Limited (OML), has appointed Olalekan Oyinlade as its new Managing Director. Oyinlade will oversee the general insurance business of the company in the country. His appointment took effect from October 2019.
Oyinlade’s profile: Oyinlade has 22 years of experience in various insurance roles as he served as 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.
Oyinlade had previously worked in Veritas Kapital Assurance Plc as an Executive Director, Operations responsible for the overall business development and technical operations of the firm. He has also worked in Sovereign Trust Insurance Plc where he acquired considerable experience in general business underwriting and reinsurance operations.
He worked in AXA Mansard Insurance Plc 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 that of Nigeria Council of Registered Insurance Brokers of Nigeria (NCRIB) as well as a member of Chartered Insurance Institute of London (CII).
The new MD has attended several technical courses including Engineering & Special Risk courses organised by Africa Re, Oil & Energy Seminar organised 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.
About the company: Old Mutual is listed on the Johannesburg Stock Exchange, Zimbabwe, Malawi, Namibia, and London Stock Exchanges. The company has outfits in more than six African countries, with Nigeria being one of them. They include; Old Mutual Botswana, Old Mutual Ghana, Old Mutual Malawi, Old Mutual Namibia, Old Mutual Swaziland and Old Mutual Zimbabwe.