Mr. Akinsola Ale



Mr. Akinsola Ale was appointed MD/CEO of Nigeria Reinsurance Corporation in July 2020. A graduate of Insurance from the University of Lagos (1989) and an Associate of the Chartered Insurance Institute (ACII), London (1991). Akinsola has over 30 years working experience in and outside the Insurance Industry and over 25 years in top management positions. Five of those years have been as Managing Director/CEO in Organisations operating in diverse spectre of the economy ranging from Integrated Marketing Communications, Printing and Telecommunications Infrastructure Development. These challenges have broadened his knowledge base and made him a well-grounded Executive.

As pioneer Head of Marketing and Business Development at Sovereign Trust Insurance Company Ltd (now Plc), he developed market penetration skills for a new entrant in the Insurance Industry as well as all the indices critical to the success of a new organisation with the attendant challenges both in the short term as well as the medium/long term. He was also the Divisional Head of Marketing and Operations at Royal Exchange Assurance (Nigeria) Plc for 8 years, he played pivotal roles in the various turn around and change management activities of the Organisation in order to achieve optimal organisational performance through proper staff motivation and process management.

Prior to his appointment as the MD/CEO of Nigeria Reinsurance Corporation, he was Executive Director Technical Services of Nicon Insurance Ltd and briefly acted as the Managing Director/Chief Executive Officer of Nicon Insurance Limited. He was responsible for delivering on the enterprise-wide charge of steering the company to the path of sustainability and success and ensuring that the overall objectives of the organization are met.

His prudent management of financial resources and strong decision-making policies, coupled with his professional trainings over the years, as well as his ability to relate well with people of diverse backgrounds will be a major asset in propelling the Corporation to a new height.

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Nigeria Reinsurance Corporation is the insurance of an insurance company.