Prudential Zenith Life Insurance Restrategises With Key Appointments

Prudential Zenith Life Insurance Limited (PZL) has announced key appointments even as it restrategises for increased market impact.

In the latest move, the company appointed ‘Tokunboh Ishmael as the new Chair of its Board of Directors and Funmilayo Abimbola Omo as the new Managing Director/Chief Executive Officer.

The appointments mark another significant move in Prudential Zenith Life Insurance, following its  recent acquisition of the remaining 49% shares in the company.

The appointments of Ishmael and Omo particularly signify a clear focus on leveraging strong leadership to drive the introduction of innovative and value-added insurance solutions and services to Prudential Zenith Life clients.

Reacting to the latest board movement, Emmanuel Mokobi Aryee, CEO, Africa, Prudential said:

“We are delighted to welcome this exceptional leadership team at Prudential Zenith Life.

“The appointments of both ‘Tokunboh Ishmael as Board Chair and Funmilayo Abimbola Omo as Managing Director/CEO demonstrate our commitment to investing in top-tier talent to realise our ambitions in Africa.

“We are confident that their combined expertise and strategic vision will drive PZL to new heights, delivering impactful and tailored insurance solutions that protect lives and empower futures across Nigeria.”

‘Tokunboh Ishmael, the newly appointed Board Chair, is a distinguished impact investor with over 20 years of extensive experience spanning investment banking, private equity, technology, and business development across Africa, Europe, and North America.

As a Chartered Financial Analyst (CFA) and a member of the CFA Institute, her financial acumen and strategic insight will be invaluable in guiding PZL.

Sharing her enthusiasm, Ms. Ishmael stated: “I am honoured to chair the Board of Prudential Zenith Life at this pivotal time. I look forward to working alongside the management team to provide strategic oversight and contribute to the company’s continued growth and success in the Nigerian market.”

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Funmilayo Abimbola Omo, the new Managing Director/CEO, brings a wealth of experience in the insurance and financial services sectors.

Her proven expertise in business transformation, customer-centric innovation, and operational excellence positions PZL for accelerated growth and enhanced market impact.

Said Mrs. Omo stated: “I am privileged to lead Prudential Zenith Life at such a pivotal time. The company’s strong foundation, coupled with Prudential’s global strength and commitment to Africa, presents a unique opportunity to redefine the life insurance landscape in Nigeria.

“I am eager to collaborate with our talented team and valued partners to foster innovation, broaden our reach, and make life insurance more accessible and impactful for all Nigerians.”

Under Prudential’s full ownership and this robust leadership, PZL will leverage global expertise, technological advancements, and its strong bancassurance partnership with Zenith Bank to enhance the accessibility and reach of its insurance products.

The company believes that this strategic direction aligns with Prudential’s broader ambition to bridge the insurance gap in Africa and accelerate financial and health protection for millions.