President Muhammadu Buhari has appointed Mohammed Kari as the Commissioner for Insurance and Chief Executive of the National Insurance Commission.

Mr. Kari’s appointment which is for a term of four years in the first instance, takes effect from Friday, July 31, 2015, according to the President’s spokesman, Femi Adesina.

Kari replaces Mr. Fola Daniel who served as Commissioner for Insurance since 2007. He started his career with Royal Exchange Assurance in 1979. He later worked with Yankari Insurance Company until 1989, when he was appointed Executive Director in Niger Insurance Plc.

Mohammed Kari
Mohammed Kari

In January 1992, he was appointed Managing Director/Chief Executive Officer of Nigeria Reinsurance Corporation, a position he held until March 1993 when he was appointed Managing Director of NICON Insurance Corporation. He served in that capacity until January 2000 when he resigned.

He returned to insurance management in 2007 as the Managing Director/Chief Executive of Unity Kapital Assurance Plc, were he served for four years.

A Chartered Insurer and Professional IT Consultant, Mr. Kari was until his new appointment, the Deputy Commissioner (Technical) in the National Insurance Commission.

President Buhari has also renewed the appointment of Joshua Okpo as the Rector of the Maritime Academy, Oron for a second and final term of four years.

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