African Alliance Insurance Plc Appoints Joyce Ojemudia MD/CEO
Africa Alliance Insurance Plc has announced Mrs. Joyce Ojemudia as its substantive MD/CEO.
The announcement was signed by the company’s Secretary, Mrs. Abisola Akinrin (Pp: TOPE ADEBAYO & CO), and made through a public disclosure issued 15th October 2020, to the Nigerian Stock Exchange (NSE).
The announcement also noted the resignation of Alhaji Aminu Ahmed Nahuche – a former Non-Executive Director. and also contained information about the appointment of three Non-Executive Directors.
The Company had earlier announced the resignation of Mrs. Funmi Omo as the MD/CEO in a disclosure dated September 3rd, 2020. Following her departure, the company confirmed Mrs. Joyce Ojemudia as the substantive MD/CEO of the Company – replacing Mrs. Olabisi Adekola who served in an acting capacity from the 1st of September 2020.
Mrs. Joyce Ojemudia is an accomplished insurance professional and astute manager of resources. She has over twenty years of experience in insurance sales, business development, risk management, claims administration, and reinsurance, with a proven track record of revitalizing businesses and/or departments.
She began her career as a Marketing Executive at Healthcare International (HMO) – a subsidiary of NICON Insurance, before joining Linkage Assurance PLC as an Executive Trainee in 2002. By 2007, she had risen to become the Deputy Head, Marketing at the company.
Thereafter, she joined STACO Insurance PLC as AGM, Marketing, with responsibilities to coordinate and monitor the marketing activities in the public sector and direct corporate client. She was promoted to Assistant Director in 2011, a role which required her to formulate and execute strategic business plans for the public sector in addition to her marketing duties.
She returned to Linkage Assurance in 2016 as General Manager tasked with the management and coordination of the entire marketing department which had four sub-units; Bancassurance, Financial Institution, Brokers Market, and Direct Corporate.
In less than four years there, she helped grow the company’s gross premium income by over 80% from N4bn to N7.5bn, thus improving Linkage’s market share from the 24th to 8th position by the end of 2019.
A thoroughbred professional, Joyce is currently rounding up her Ph.D. in Entrepreneurship at the Joseph Ayo Babalola University. She is an alumnus of the prestigious Lagos Business School (SMP40) and the University of Lagos, where she had her first and second degrees in Insurance and Risk Management respectively.
She is a Fellow of the National Institute of Marketing of Nigeria and an Associate of both the Chartered Insurance Institute of Nigeria and the Institute of Chartered Economists of Nigeria. She is also the current President of the Professional Insurance Ladies Association (PILA).