About Us

FBNInsurance Limited  …because YOU really matter.

FBNInsurance is a life insurance business providing coverage for Individual and Corporate Clients. We are the youngest startup insurer in Nigeria with presence in strategic geographical locations across the country, capitalizing on our relationship with FBN Holdings Plc. Our products help our customers enjoy the peace of mind that comes from managing the risks of everyday life. With us, they can save for a comfortable future and protect what matters to them. One of our primary objectives is to help people, businesses and communities get back on their feet when the unexpected happens. It is therefore our responsibility to make sure we are there for our customers both today and in the future.

FBNInsurance is a Limited Liability Company licensed to transact Life Insurance businesses in Nigeria. The Company is jointly owned by FBN Holdings Plc (65%) and the Sanlam Group, one of the largest financial institutions in South Africa (35%) and it officially commenced operations on the 1st of September 2010. Drawing from the knowledge and experience of our owners, we intend to play a significant role in the development of the insurance industry in Nigeria. To achieve this, we are anchoring our operations on product innovation, efficient service delivery and prompt claim settlement.

In 2014, we acquired a General insurance business – Oasis Insurance, now known as FBN General Insurance (a subsidiary of FBNInsurance) – and overturned the loss position of the newly acquired company within one year.

Our Purpose

To be Nigeria’s first choice in wealth creation and financial security.

Providing the Nigerian Insurance market with best-in-class, innovative, solution-driven products and services, that create value for all stakeholders whilst consistently demonstrating integrity, professionalism and confidence.

Our Core Values (QRIIP)

Quality Service:
In every aspect of our business, excellence is our benchmark.

Respect for Individual:
We understand that our customers are more than just facts and figures of our business.

We believe that trust is an invaluable asset in our line of work.

We are committed to the continuous offering of modern and relevant products and services which meet the yearnings and expectations of
our customers.

We have a crop of highly qualified and dedicated professionals with enviable
antecedents and ample experience in their respective backgrounds.

Adenrele Kehinde, Chairperson FBNInsurance

Adenrele Kehinde


Val Ojumah, MD/CEO FBNInsurance

Val Ojumah

Managing Director/CEO

Margaret Dawes, Director FBNInsurance

Margaret Dawes

Non-Executive Director (South African)

Caleb Yaro, Director FBNInsurance

Caleb Yaro

Independent Director

Corporate Governance

We can only achieve our strategic objectives by building a sound reputation founded on the highest standards of responsible behaviour. Over the years, our Group has been recognised for its strong commitment to corporate values and governance.

With recent events surrounding the development of corporate governance, it is evident that across the globe, investors are increasingly appreciating the impact good corporate governance practices are having on their investments.

To understand the corporate governance developments and culture in Nigeria, we offer a brief update on some recent developments in global corporate governance practices.

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