Business Journal


Nigeria Re Names Gbenga Falekulo as New CEO


Mr. Gbenga Falekulo

Managing Director/CEO

Nigeria Reinsurance Corporation

Mr. Gbenga Falekulo has been appointed the new Managing Director/CEO of Nigeria Reinsurance Corporation (Nigeria Re) following reorganisation of the Corporation by the Asset Management Corporation of Nigeria (AMCON).

The coming of Falekulo signals an era of transparent and accountable management of the reinsurance firm.

With over 25 years cognate experience in the insurance sector, the new CEO of Nigeria Re is set to bring his wealth of experience and expertise to bear on the day-to-day operations of the reinsurer.

Falekulo says he and his management team are poised to drive Nigeria Re in a new direction of sustainable and strategic growth across various parameters.

He holds a B.Sc in Insurance, Masters in Business Administration and is a member of the Chartered Insurance Institute of London. His industry work experience includes NICON Insurance, Great Nigeria Insurance Plc and Continental Reinsurance Plc, where he rose to the executive management level of Executive Director before retiring to run his own private firm.

Nigeria Reinsurance Corporation was established by Act No 49 of 1977 and commenced operation on January 1, 1978 as a wholly-owned Corporation of the Federal Government of Nigeria.

The Corporation was privatized in 2002 with some level of shareholding retained by the federal government.

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