FBN General Insurance has urged automobile users in the country to shun patronage of quacks and purchase their motor insurance policies from genuine insurance operators.

To encourage the general public to patronise genuine insurance operators, the company has embarked on an experiential marketing campaign to sensitise motorists on the benefits of buying original, qualitative auto insurance policy from trusted insurance firms.

Speaking at the media parley to launch the campaign in Lagos recently, Head of General Business, FBN General Insurance, Mr. Olasupo Sogelola, noted that the lackadaisical attitude of the Nigeria’s road users towards auto insurance has been the bane of many automobile owners.

According to him, “many people do not buy auto insurance because they do’t think it is necessary. Some even call it ‘police-let-me-go’, an unfortunate confirmation of the wrong perception of the populace towards auto insurance policies.”

Sogelola said this has led many to buy fake -and literally worthless- auto insurance policies, but noted that auto insurance could be the only resort for anyone, who is involved in a motor accident.”

Speaking, Managing Director, FBNInsurance, owners of FBN General Insurance, Mr. Val Ojumah stated that anyone, who drives an automobile should buy original and qualitative auto insurance from FBN General Insurance.

According to him, people have had their damaged cars replaced or repaired by FBN with other 3rd party damages taken care of as well.
He said it is high time Nigerians looked beyond auto insurance as something done just because it is mandated by law.

Ojumah said all through the period of the campaign, various freebies would be given out by FBN General Insurance via a social media engagement.
He said members of the public are required to take a picture of the damaged car, which is displayed in front of the FBN General Insurance office located at 298 Ikorodu Road Anthony Lagos; give it a catchy caption and post it on FBNInsurance facebook page, or tag @fbninsurance on twitter, with the hashtag fbngeneralauto.

According to him, participants are then required to get their friends to retweet their picture for a chance to win a cool gift every week.

Pointng out that customers that buy any of the selected auto policies from FBN General Insurance during the period will get exciting ‘thank you’ gifts, Ojuma said that the campaign will run till March 20, 2016…Read More
Culled from Thisday

October 9th, 2017

FBN General Insurance Limited has announced the appointment of Mr. Olabode Opadokun as its Managing Director/Chief Executive Officer.

Opadokun, a consummate financial services professional with over 27 years’ experience spanning underwriting, risk assessment, operations and marketing in the insurance sector, was presented to the media at a well-attended press briefing held recently at the Company’s corporate head office in Lagos.

Opadokun started his professional career with Cornerstone Nigeria Plc. as one of its pioneer staff in 1991. He rose through the ranks at Cornerstone Insurance to the position of Manager before leaving to join the then newly-formed First Chartered Insurance Co. Ltd. as Assistant Vice President. As a pioneer management staff at First Chartered, he was involved in formulating policies and strategies required to keep the new acquired company in business. After two years, he joined Consolidated Risks Insurers Ltd. as DGM Operations where he was responsible for the smooth running of both the technical and marketing departments of the Company. Following the successful consolidation of the Company, he was promoted to the position of General Manager of the re-branded Company, Consolidated Hallmark Insurance Ltd. Prior to joining FBN General Insurance Ltd. as the MD/CEO, he was the MD/CEO of Nigeria Agricultural Insurance Corporation (NAIC). It is to his credit that the Corporation’s loss position was overturned within the first year of his stewardship.

Mr. Opadokun holds a Master’s Degree in Business Administration (MBA) from the Delta State University, Abraka, Delta State and is an Associate of the Chartered Insurance Institute, UK. More so, He is an alumnus of the prestigious Lagos Business School, a Fellow of the Chartered Insurance Institute, Nigeria and a member of the Governing Council of the Chartered Insurance Institute of Nigeria (CIIN).
Bode Opadokun’s appointment as Managing Director/CEO takes effect immediately…Read More
Culled from BusinessToday

October 9th, 2017

FBN General Insurance Limited has announced the appointment of Babatunde Mimiko as Executive Director.

In a statement by the company, the Managing Director, Bode Opadokun, said Mimiko brings on board 18 years career across the financial services industry including a short stint in banking.’’

He is no doubt an ideal fit to help our business to the next level. I am delighted to have him join us at this important growth stage in the life of FBN General Insurance Limited’’, he added.

Mimiko began his insurance career at WAPIC Insurance in 1999 as Assistant Superintendent (Underwriting). From there, he moved to the then Intercontinental Bank (now Access Bank) as Product Manager – Consumer Banking Group. At Intercontinental Bank, he was responsible for developing, marketing and management of all the retail banking products of the bank.

In 2003, he re-joined WAPIC Insurance as Branch Manager of its Port Harcourt office. He went on to spend the next 10 years of his professional career rising through various top management positions until he left as Controller in 2013. Prior to his appointment as Executive Director at FBN General Insurance, Mimiko was Managing Director of Ensure Insurance.

Mimiko is a Fellow of the Chartered Insurance Institute of Nigeria (FCII) and an alumnus of the prestigious Lagos Business School of Pan Atlantic University. A strategic and analytical mind, he is an MBA (Financial Management) holder from Lagos State University…Read More
Culled from The Nation

October 9th, 2017

FBN General Insurance Ltd realised N3.52billion as Gross Premium Written (GPW) for
the year 2017, equivalent to a year-on-year growth of 60%. Likewise,
we recorded N323million as Profit Before Tax (PBT), representing
growth of 66% on the prior year’s performance. These gains are
largely due to our revised approach to business practices and
client engagement.
In addition, we optimised available resources to drive our
operational process which ensured that we gained traction
boosting our bottom-line for the period. We continued, within
the period, to efficiently manage our costs, by leveraging Group
shared services.
Our Company achieved steady improvement in our balance sheet
as total assets increased by 19% from N6.06billion recorded in
2016 to N7.24billion in 2017. Total equity also grew by 9% from
N4.10billion to N4.48billion.

May 19th, 2014

Press like to get our latest offers on Facebook