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

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