It noted that all changes had received no objections or approval from the National Insurance Commission.
The firm appointed Ganiyu Musa as its new managing director/chief executive officer, replacing Fola Daniel.
It also elevated Shola Ajibade to the position of executive director (technical).
FBS Re expressed its gratitude to Daniel, who is its founding CEO, for his visionary leadership and dedication.
“Under his sterling stewardship, FBS Re earned a gross written premium of over N33bn within only three years of operations. As Fola steps down from his executive role, we are excited to welcome Ganiyu Musa as the new managing director/chief executive officer of FBS Re,” it asserted.
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