Business Journal


Royal Exchange Insurance Taps Oyetunji, Uyi, Alfred for Executive Positions

The Board of Royal Exchange General Insurance Company (REGIC) is pleased to announce the appointment of Oyetunji Oshiyoye as Executive Director Business Development; Uyi Osagie as Chief Financial Officer and Alfred Tabiti as AGM/Head Retail & E-Business. These appointments took effect from January 2, 2022.

Oshiyoye with his extensive experience and knowledge of the insurance industry, will seek to drive the continuous growth and profitability of REGIC, while seeking new markets for the company as the head of Business Development. Osagie is charged with driving financial efficiency within REGIC and Tabiti as the Head of Retail will ensure REGIC becomes a major player in the retail insurance space within the next few years.

Furthermore, the company stated that these three appointments were done in order to ensure that REGIC continues to exploit the opportunities that abound in the general insurance space and ensure continued growth for the company, especially as it seeks to diversify its revenue streams.

Below are the profiles of the new appointees.

Oyetunji Oshiyoye – Executive Director, Business Development 

Oshiyoye has over nineteen (19) years’ work experience garnered in the FMCG space before moving into the Insurance industry in Nigeria.

His forte includes sales management, business transformation and value chain optimization. Over the years, he has successfully developed and implemented cost effective business strategies which in-turn, increased company productivity and profits.

Tunji joined Allianz Nigeria Insurance Plc in 2014, holding several positions including: Group Head Retail Channel Group, Chief Retail Sales and Marketing Officer, Chief Operations Officer and finally became the Chief Customer Officer in 2021.

He holds a bachelor’s degree in Geophysics from University of Lagos and an MBA (Leadership and Sustainability) from the University of Cumbria, UK.

Uyi Osagie – Chief Financial Officer

Osagie has over thirteen (13) years hand-on experience in Consulting, Financial Reporting, Business Strategy Formulation, Investment Management, Treasury Operations, Risk Management, Credit Control, as well as Budgetary Control and Audit Services. His career experience cuts across the Financial Sector including Insurance, Banking, Asset Management, Pension and Real Estate.

In 2015, Uyi joined Allianz Nigeria Insurance Plc from Axa Mansard as the Chief Financial Officer with responsibility for the financial management of the company, regulatory oversight, internal control and investment operations before leaving to join Heirs Insurance in 2021 as a Chief Financial Officer.

He holds a bachelor’s degree in Pharmacy from Obafemi Awolowo University, Ile-Ife. He is a Chartered Accountant, Associate member of the Chartered Institute of Taxation of Nigeria, Member of the Chartered Institute of Insurance of Nigeria (CIIN) and an Associate member of the Nigerian Institute of Safety Professionals.

Alfred Tabiti – AGM/Head Retail & E-Business

Tabiti has over thirteen (13) years’ work experience in Sales, Product Development, Channel Management, Recruitment, Training, and Partner Acquisition at various levels. Most of these years of cognate work experience were spent in the Insurance Industry.

Tabiti began his professional career with Equity Life Insurance Company Limited in 2006 and in 2008, he joined AXA-Mansard Insurance Plc, as a Senior Bancassurance Associate, rising to become a District Manager in 2013.

In 2015, he left AXA-Mansard to join Ensure Insurance Plc (Now Allianz Nigeria Insurance Plc) where he worked in different capacities as Head Bancassurance, Area Sales Manager, Head Retail Sales and Head Bancassurance Nigeria (Retail Distribution Channels). Later, he moved from Allianz Nigeria Insurance Plc to join Avon HMO in 2021 as a Business Manager responsible for sales, retention, and business growth of the company’s SME/Retail business portfolio.

He holds a bachelor’s degree from University of Ado-Ekiti and a host of other professional certifications.

About Royal Exchange General Insurance Company (REGIC)

Royal Exchange General Insurance Company Limited (REGIC) comes from a pedigree that over a century old. Licensed by the National Insurance Commission to offer the full range of general and special risks insurance products and with decades of experience in the Nigerian market, REGIC has an enviable reputation for technical competence and financial strength.

The Company operates from thirteen (13) branches nation-wide to ensure maximum outreach and complete accessibility to its customer base. The recent implementation of a web-enabled backbone IT system has further enhanced its ability to provide incomparable service to customers.

The Company’s capacity to underwrite oil and gas risk is widely acknowledged throughout the industry and its recent foray into agribusiness insurance has given REGIC a stronger foothold within the insurance space.

With an unwavering dedication to its core values, the company continues to maintain its lead in underwriting majority of the corporate risks in Nigeria.

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