•Elumelu express confidence in new MD/CEO
By Henry Uche
Heirs Insurance companies – Heirs General Insurance Limited (formerly Heirs Insurance Limited), and Heirs Life Assurance (HLA) – have announced appointments to their senior leadership positions, as well as the name change of Heirs Insurance Limited to Heirs General Insurance (HGI).
In a statement by the Communications Manager, Timilehin Adebiyi, Heirs General Insurance announced the appointment of Wole Fayemi, to the position of MD/CEO effective from Tuesday, May 02, 2023.
Commenting on the change of guard, Wole Fayemi said, “It is a privilege to take on this position. I have always been fascinated by the business track record of the Heirs Holdings Group and the significant impact Heirs General Insurance is making in the industry. I look forward to taking on this mantle of leadership and steering the company towards its next milestones”.
Speaking on the appointment, Tony O. Elumelu, Chairman, Heirs Holdings, parent company of Heirs General Insurance and Heirs Life, said: “Wole’s experience and vision for the insurance industry aligns with HGI’s mission. I have great confidence that he is the right leader for Heirs General Insurance, for the next phase of its business growth.
“His deep knowledge in the insurance industry and excellent business development skills will play an important role in the future of the company – driving business expansion and establishing the company as a 21st century insurer.”
Meanwhile, the board of directors of Heirs Life Assurance announced the promotion of Tosin Bayo-Yusuf, to the position of Executive Director/Chief Operating Officer. Tosin’s appointment followed the retirement of Wasiu Amao, the former Executive Director, Technical.