Pan-African reinsurer Continental Reinsurance Group has announced a number of leadership appointments, including Lawrence Nazare’s as Group Managing Director.

In his new role, headquartered in Botswana, Nazare will oversee the Group’s pan-African operations and long-term strategic direction.

“It’s been a privilege to lead our Nigeria business and support the broader Group’s evolution. As I now focus fully on the Group-level role, I remain committed to driving Continental Re’s strategic vision across Africa,” Nazare commented.

Joining him on the Board of Continental Reinsurance Holdings are Paul Kokoricha, former Chairman of Continental Reinsurance Plc, who has been appointed Chairman of the Board at Group level.

Steve Iwenjora, formerly a Non-Executive Director at Continental Reinsurance Plc, is also joining the company’s Board as Non-Executive Director at Group level.

Kokoricha said: “It has been an honour to serve as Chairman of Continental Reinsurance Plc, Nigeria, where we achieved significant milestones in growth and governance. As we now pivot to a consolidated Group structure, I am excited to continue supporting the company at this higher level – working with the leadership team to sustain our pan-African momentum and long-term ambition.”

Continental Reinsurance Group also announced the appointment of Dr. Fatai Kayode Lawal ad Managing Director/CEO of Continental Reinsurance Plc, Nigeria, effective April 2025.

Kayode Lawal is taking over the role from Nazare, who completed his tenure in this position in December 2024.

Kayode Lawal brings a wealth of experience to his new role, having most recently served as Managing Director/Chief Executive of Sterling Assurance Nigeria Ltd. from January 2007 to December 2023.

During this time, he successfully integrated three merging companies and significantly grew sales. Prior to this, he served as the Managing Director/Chief Executive Officer of Universe Reinsurance Co. Limited, where he improved profitability and expanded markets.

His earlier career also includes a leadership role at Refuge Insurance Company Limited and a management role at Continental Reinsurance Co. Ltd.

The Nigeria entity is also strengthening its Board, welcoming three new Non-Executive Directors, whose appointments have received regulatory clearance from the National Insurance Commission.

Segun Adebanji, a veteran finance professional, has been named Chairman of the Board, Non-Executive Director. Funmilayo Omokhodion, a Chartered Insurer with 36 years of experience in reinsurance, is joining the Board as Non-Executive Director, and Eno Atoyeb, an executive with 25 years in investment management, also joins as Non-Executive Director.

“These appointments coincide with Continental Re’s 40th anniversary, a milestone that reflects the Group’s enduring legacy, resilience, and readiness for the future. With a strong leadership team in place across both Group and operational levels, Continental Reinsurance is well-positioned to deepen its impact across Africa’s reinsurance landscape,” Continental stated.

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