Babatunde Fajemirokun becomes AIICO’s new boss


AIICO Insurance Plc., Wednesday announced the appointment of Babatunde Fajemirokun as its new managing director and chief executive officer.

In a brief profile submitted by the company, Fajemirokun started his career in 2001 as a visiting lecturer in the Division of Economics and Enterprise in Glasgow Caledonian University. After which he joined Accenture (Nigeria) Financial Services Unit (Banking and Insurance Groups) in 2003, as an analyst and specialized in Mergers and Acquisitions projects. He later joined Capgemini Consulting (UK) Business Information Strategy Unit (cross-industry) in 2008, as a Senior Consultant, and worked on UK government transformation projects.

Fakemirokun’s AIICO journey began in 2009, when he joined the company’s life division, and was responsible for key company projects in its maiden transformation projects. He led retail operations between 2009 and 2013, which encompassed retail processing (underwriting new business and renewals, alterations/ endorsements and policy issuance & delivery), customer services/ retail claims, business process projects and technology. In October 2013, he was appointed Chief Operating Officer. This position required him to oversee all strategic functions, retail processing/ operations, actuarial functions, enterprise risk management and shared services (finance, human resources, information technology, procurement and estate management) operations in the company, the statement explained.