Mr Lawal Mijinyawa has emerged as the new managing director and chief executive officer of KBL Insurance Limited following the retirement of Mrs Ukachi Orji.
In a release by the firm recently, the National Insurance Commission had approved Mijinyawa’s appointment of KBL Insurance’s MD/CEO.
“The board had met in November 2023 after Mrs Orji notified it of her intention to retire after over 25 years of service (and 10 years as MD/CEO), considered and approved Orji’s retirement and resignation from her role as MD, with effect from January 1, 2024,” the firm stated.
According to KBL Insurance, Mijinyawa is an avid insurance practitioner, with over 25 years in the insurance industry at various insurance companies in Nigeria.
He holds a Bachelor of Science degree in Mathematics from the University of Jos and a master’s degree in Business Administration from Abubakar Tafawa Balewa University, Bauchi.
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“He is an associate member of the Nigerian Institute of Management, the Nigerian Institute of Marketing, and the Chartered Insurance Institute of Nigeria.
“He served as a board member, representing Niger Insurance Plc on Montgomery Security Vaults Nigeria Limited Board,” the firm noted.
He joined the board of KBL Insurance Limited, initially as a non-executive director, where he served for about two years before his current appointment as MD/CEO.
Speaking, the Board Chairman of KBL Insurance, Mr Simpson Eimiakhena, commended Orji for the level and manner she had turned around the affairs of the company, citing where KBL Insurance was at her appointment, and where the company stood until her retirement.
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He noted that Orji had raised the bar, moving the company’s premium income to N5bn to become one of the foremost insurance companies in Nigeria.
Eimiakhena said, “For the number of years, I have worked with Mrs Orji on the board of KBL Insurance, I can boldly say she is a woman of integrity and accountability, who is not shy to take responsibility in everything she does. When it comes to people’s skills, she is very endowed.
“She is a very transparent person and as a technical and underwriting expert, is highly risk averse; her management capacity is second to none. Her corporate governance acumen is unimaginable, and I say I have very much enjoyed working with her.”
Also, an independent non-executive director, Abubakar Aliyu, claimed that the former managing director exemplified diligence, probity, empathy, and never took anything about corporate governance and compliance lightly, describing her as a paragon of excellence.
