FBS Re gets new leadership

FBS Re, a fast-growing Nigerian reinsurance company, has appointed a new management team and board members.

A statement from the firm noted that the changes would reflect a new chapter in its repositioning for enhanced services.

It noted that all changes had received no objections or approval from the National Insurance Commission.

The firm appointed Ganiyu Musa as its new managing director/chief executive officer, replacing  Fola Daniel.

It also elevated Shola Ajibade to the position of executive director (technical).

FBS Re expressed its gratitude to Daniel, who is its founding CEO, for his visionary leadership and dedication.

“Under his sterling stewardship, FBS Re earned a gross written premium of over N33bn within only three years of operations. As Fola steps down from his executive role, we are excited to welcome Ganiyu Musa as the new managing director/chief executive officer of FBS Re,” it asserted.

According to the firm, Ganiyu brings his wealth of cognate experience and will introduce a fresh perspective to FBS Re.

“With a proven track record of over several decades in the leadership of insurance, reinsurance, audit, and consulting institutions, he is poised to lead FBS Re to its next phase of innovation and market expansion.

“Musa’s strategic vision aligns perfectly with FBS Re’s commitment to providing exceptional reinsurance solutions to clients in Nigeria and across Africa,” it noted.

It also disclosed the retirement of Steve Kyerematen as its chief operating officer.

It stated that Ajibade had demonstrated exceptional technical expertise and a deep understanding of the Nigerian and African reinsurance markets.

According to the company, in his new role, Ajibade will continue driving operations and business development and helping FBS Re achieve its strategic marketing objectives.

The Chairman of the Board of Directors, Bala Zakariyu, expressed appreciation to Daniel and Kyerematen and welcomed them to their new positions as non-executive directors.