The National Insurance Commission, the apex regulatory authority in Nigeria’s insurance market, has approved the appointment of Mr. Bashir Binji as the managing director and chief executive officer of FIN Insurance Company Limited.
According to a statement by the firm on Tuesday, the confirmation was conveyed in a letter signed by the Acting Director (Authorisation and Policy), NAICOM, Mr. Leonard Akah, on behalf of the Commissioner for Insurance.
Binji is a graduate of Usman Danfodio University, Sokoto with B.Sc. degree in Management Studies. He is an Associate of the Chartered Insurance Institute, London and has an MBA from Ahmadu Bello University, Zaria and a diploma (distinction) in Insurance from the West African Insurance Institute, Banjul in The Gambia.
He started his insurance career with Nigeria Reinsurance Corporation where he worked in investment, underwriting and marketing departments. He then moved to pioneer Zenith Insurance Company, a subsidiary of Zenith Bank, as zonal head (northern operations), a position he held for nine years.
The firm stated that prior to joining FIN, Binji was appointed by the Federal Government as Executive Director, Operations and later acted as Managing Director/Chief Executive Officer of Nigeria Agricultural Insurance Corporation. He also served as a member of the Governing Council of the Nigerian Insurers Association.
“With his vast knowledge in insurance, he will strategically lead FIN to the next level,” it stated.
FIN Insurance Company Limited, a member of Cornerstone Insurance Group, was incorporated on April 24, 1981 as a limited liability company and registered as a licensed insurer in 1982 and commenced business on January 1, 1983.
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