NAICOM approves KBL Insurance’s new chief executive

THE National Insurance Commission ( NAICOM) has given regulatory approval to the appointment of Lawal Mijinyawa, as the new Managing Director of KBL Insurance Limited.

The appointment of Mijinyawa followed the retirement of Ukachi Orji.

The underwriter, in a statement, said that the board had met in November 2023, after 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 statement said the new chief executive is an avid insurance practitioner, with over 25 years in the insurance industry at various insurance companies, in Nigeria. A sound technical underwriter and marketer, his experience spans from actuary, Oil and Gas, and Marketing to management.

A hands- on insurance professional, his years in the industry have seen him deeply involved in policy evaluation, pension administration, policy implementation, marketing and strategic policy formulation, product designs, and business executions while supervising various technical and marketing directorates.

Mijinyawa’s relevant contributions to the development of insurance in Nigeria are known in areas such as group life assurance, public sector marketing, privatisation and commercialisation of public enterprises, as well as branch management, through various academic journals, publications, and presentations.

He holds a Bachelor of Science degree in mathematics, from the University of Jos, Nigeria, and a master’s degree in business administration from Abubakar Tafawa Balewa University, Bauchi. He is an associate member of the Nigerian Institute of Management, the Nigerian Institute of Marketing, and the Chartered Insurance Institute of Nigeria ( CIIN).