FBNInsurance gets new executive director

FBNInsurance Limited has announced the appointment of Ekpe Ukpabio, as Executive Director, Technical.
   
Ukpabio started his career at STC Insurance Brokers in 1983 before moving to Lenoir Holdings in 1990 as Insurance Officer and Head, Risk Management. From there, he joined Equity Indemnity Insurance Co. Limited where he spent the next five years rising through various management positions including Senior Manager, Controller and Assistant General Manager.   
   
In 2000, he was appointed to serve as Managing Director/ Chief Executive Officer, Anchor Insurance Co.Limited by the Akwa Ibom State Government; an assignment he delivered excellently as he successfully prepared the company for privatisation and hand-over to a preferred core investor.

After a two-year stewardship at Anchor Insurance, he returned to Equity Indemnity Ins. Co. Limited as Head of Business Development Group comprising Equity Indemnity, Equity Life and Managed Healthcare Services Ltd (MHS).
   
He was later seconded to MHS as Acting CEO in addition to his Business Development function for the Group before being elevated to General Manager in 2005.  
  
He was appointed MD/CEO of Oceanic Life Assurance Plc in 2006. He spent the next six years piloting the affairs of the life insurance company.
 
Speaking on the appointment, the firm’s MD/CEO, Val Ojumah said, “Ekpe Ukpabio is a thoroughbred, fast track professional with over three decades’ experience across Insurance Brokerage, Risk Management, Business Development and Operations. We have no doubt he will be a great addition to our team of high-profile professionals. We are delighted to have him on board.”   
  
An alumnus of the prestigious Lagos Business School and a member of the Society of Fellows of the Chartered Insurance Institute UK and Nigeria, Ukpabio was until recently the MD/CEO of Equity Assurance Plc.
   



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