Yomi Onifade Takes Over As CEO Of Allianz Nigeria

• Yomi Onifade is appointed as CEO of Allianz Nigeria, effective December 05, 2022.
• He will succeedAdeolu Adewumi-Zer, who will pursue other opportunities outside the Allianz Group.
• Allianz renews its commitment to make the most of the potential in the Nigerian insurance market.

Allianz Africa has made a leadership announcement for its operational entity in Nigeria.

Yomi Onifade has been appointed the Chief Executive Officer (CEO) of Allianz Nigeria, effective December 05, 2022, subject to necessary approvals. He succeeds Adeolu Adewumi-Zer, who will pursue other opportunities outside the Allianz Group.

Yomi has an extensive experience in the management of international and local insurance companies in Nigeria in various capacities. His career thus far spans just over 23 years in the Financial Services Industry, specifically Insurance and Asset Management.

He was part of teams that built one of Nigeria’s largest and fastest-growing non-banking financial services group. Therefore, Yomi has a renowned technical and management acumen that will allow him to accelerate the growth of Allianz Nigeria.

These changes indicate Allianz’s renewed commitment and, above all, its desire to make the most of the potential in the Nigerian insurance market, not only in terms of world-class product offerings for all citizens of this great country but also to accelerate its growth globally.

The Allianz Nigeria teams, now headed by the new CEO Yomi Onifade, will thus allow the Nigerian economy to benefit more from all the expertise of the world leader in insurance and financial services.

“His in-depth knowledge of local non-banking financial services, combined with proven technical and managerial knowledge, makes Yomi the right profile to deliver on our ambition to drive Allianz’s growth in one of the largest economies on the continent.”, said Delphine Traoré, Regional CEO of Allianz Africa.

The firm in a statement thanked Jaideep Goel for his efforts as the head of its operating entity in Nigeria pending the appointment of a new CEO

About Allianz

The Allianz Group is one of the world’s leading insurers and asset managers with 126 million private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 809 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 2.0 trillion euros of third-party assets. Thanks to our systematic integration of ecological, social, and governance criteria in our business processes and investment decisions, we hold the leading position for insurers in the Dow Jones Sustainability Index, launched on 12.11.2021. In 2021, over 155,000 employees achieved total revenues of 148.5 billion euros and an operating profit of 13.4 billion euros for the group.

About Allianz Africa

Allianz has over a century of history in Africa, where it has built and is continually expanding its footprint. The Group continues to gain leadership in key markets across the continent.

Allianz is currently present in 14 countries and accompanies clients in 49 markets across the continent.

At the regional level, the Group generated a Gross Written Premium of 732 million euros in 2021 (excluding AGCS).