AIICO Insurance Plc

NGSE:AIICO Stock Report

Market Cap: ₦43.2b

AIICO Insurance Management

Management criteria checks 2/4

AIICO Insurance's CEO is Babatunde Fajemirokun, appointed in Aug 2019, has a tenure of 5.25 years. directly owns 0.32% of the company’s shares, worth NGN138.20M. The average tenure of the management team and the board of directors is 5.2 years and 6.6 years respectively.

Key information

Babatunde Fajemirokun

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure5.3yrs
CEO ownership0.3%
Management average tenure5.2yrs
Board average tenure6.6yrs

Recent management updates

Recent updates

CEO

Babatunde Fajemirokun

5.3yrs

Tenure

Mr. Babatunde Fajemirokun, A.C.I.I., B.A., FCII, M.B.A. & M.Sc., is the Managing Director and Chief Executive Officer at AIICO Insurance Plc (“AIICO”) since August 14, 2019 and was its Chief Operating Offi...

Leadership Team

NamePositionTenureCompensationOwnership
Babatunde Fajemirokun
Group MD5.3yrsno data0.32%
NGN 138.2m
Bisola Elias
Chief Financial Officerless than a yearno datano data
Moyosore Onanuga
Head of Investment & Corporate Planningno datano datano data
Adewale Abass
Executive Director of Technical & Executive Directorno datano datano data
Oluyemi Obakin
Chief Human Resources Officerno datano datano data
Abiodun Adebanjo
Chief Risk Officerno datano datano data
Olusanjo Shodimu
Chief Digital & Innovation Officer2.1yrsno datano data
Iyabo Adeniran
Head of Group Life Business5.2yrsno datano data
Titilola Okunlola
Head of Technical – Retail Business5.2yrsno datano data
Ezekiel Olukolajo
Head of Non-Life Technicalno datano datano data
Akinsola Akinsola
Head of Oil & Energyno datano datano data
Oladele Akanni
Head of Northern Regionno datano datano data

5.2yrs

Average Tenure

Experienced Management: AIICO's management team is seasoned and experienced (5.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Babatunde Fajemirokun
Group MD9.5yrsno data0.32%
NGN 138.2m
Adewale Abass
Executive Director of Technical & Executive Director7.1yrsno datano data
Gbenga Ilori
Head of Retail Business Division & Directorless than a yearno datano data
R. Ademola Adebise
Non-Executive Director8.7yrsno data0.00013%
NGN 56.2k
Olalekan Akinyanmi
Non-Executive Director5.8yrsno datano data
Kundan Sainani
Chairman10yrsno datano data
Samaila Zubairu
Independent Non-Executive Director8.7yrsno datano data
Raimund Synders
Representative Non-Executive Director4.8yrsno datano data
Oluwafolakemi Edun
Non-Executive Director6.1yrsno datano data
Olurotimi Okpaise
Non-Executive Director2.1yrsno datano data

6.6yrs

Average Tenure

Experienced Board: AIICO's board of directors are considered experienced (6.6 years average tenure).