Quick Takes

Babington-Ashaye Elected CIIN President

The Chartered Insurance Institute of Nigeria (CIIN) has elected Mrs. Funmi Babington-Ashaye as its 48th President. The new President, a former Managing Director of Cornerstone Insurance and NICON, is the sixth female president of the Institute. Her investiture comes up on today (Tuesday, July 25) at the Intercontinental Hotel, Victoria Island, Lagos.

An accomplished practitioner and seasoned underwriter with over 30 years cognate experience in the insurance industry, Babington-Ashaye started her insurance career with Royal Exchange Assurance Plc as an Insurance Superintendent in 1987 and later joined Cornerstone Insurance Plc as a pioneer staff in 1991.

Through dint of hard work and exceptional performance, she rose through the ranks and became the MD/CEO of the company within 15 years. In that capacity, she brought her wealth of experience and creativity to bear on the performance of the company, which easily became the reference point in the industry. Through her sterling leadership qualities, she grew the turnover of the company by over 80 percent within one year and also successfully recapitalised the company.

Winner of the Chartered Insurance Institute of London’s JC Lepine Prize Award, she is a Fellow of the Chartered Insurance Institute, London and Nigeria. She is also a Fellow of Chartered Insurance Brokers and Institute of Directors, Nigeria.