Ajibola Olusanya Ogunshola Joins Continental Reinsurance

Srinivasan Venkatakrishnan

Representing C-Re Holding Limited, Ajibola Olusanya Ogunshola has joined the board of Continental reinsurance PLC as a Non-Executive Director.

In a statement issued by the company, his appointment takes effect from November 8, 2016.

Ajibola Olusanya Ogunshola will be replacing Mrs. Nadia Alaoui Fettah and Mr. Merrick Wayne Oeschger.

In his resume released by the company, Chief Ogunshola holds a B.Sc. (Honours) degree in Mathematics from the University of Ibadan (1967) and became a Fellow of the Institute of Actuaries, United Kingdom in 1973, the first black African to become a Fellow of the Institute. He was the representative of the Institute of Actuaries of the United Kingdom in Nigeria from 1973 to 1996 and a member of the International Association of Actuaries.

Chief Ogunshola began his career as a trainee Actuary with Eaglestar Insurance Company, London in 1967. He joined the National Insurance Corporation of Nigeria in 1972 as the first head of Life Division from where he joined Niger Insurance Company Limited (now Niger Insurance Plc) as Chief Executive, later Managing Director from 1974 to 1985, the first Nigerian to hold the position. He was Chairman and Managing Consultant of Ajibola Ogunshola & Company (Actuaries & Employee Benefit Consultants) from 1986 to 2004 and Chairman of Alexander Forbes Consulting Actuaries (Nigeria) Limited from 2005 to March 2015.

Over the years, Chief Ogunshola has contributed to the development of many organizations. He was foundation President of the Nigeria Actuarial Society, 1982; Chairman of the Committee of Actuaries that gave actuarial advice to the United Nations Staff Pension Fund from 1987 to 2006; Chairman of the Board of Directors, The Punch Nigeria Ltd, 1987 – 2011; President of the Association of Pension Fund and Investment Managers (now Association of Pension Fund Managers), 2001 – 2003, a fellow of the Association in 2009 and received a lifetime achievement award in the same year; member, National Political Reform Conference, 2005; President, Newspapers Proprietors’ Association of Nigeria from 2007 to April 2011; member of the South-West delegation to the 2014 National Conference.

Chief Ogunshola also served the Government and other Institutions in several capacities. He was Chairman of the Federal Government Technical Committee on the Review of the Nigerian Civil Service Pension Scheme (1988/1989), Chairman of the Presidential Committee on the Harmonization of the Public and Private Sector Pension Schemes (Nigeria), 2000; member, relief Committee for victims of the Asian Tsunami Disaster, 2005; Director, News Agency of Nigeria, 2009 – 2011; member, Federal Government Panel on Election Violence and Civil Disturbances, 2011; member, Academic Board of the College of Medicine, University of Lagos, 2006 – 2008; member, Executive Committee of the West African Insurance Companies Association.

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