Fortis Global Insurance names two non-executive directors in Nigeria
The Nigerian insurer has secured regulatory approval to add veteran corporate governance and financial services experts to its board as it targets operational expansion.
Fortis Global Insurance Plc has appointed Umar Faruk Umar and Ufuoma Ibru to its board of directors. The National Insurance Commission formally approved the additions, which the company disclosed on August 13, 2026.
The move signals the insurer's intent to bolster its corporate governance and strategic oversight. Adding seasoned executives with deep regulatory and financial backgrounds provides the company with heavier oversight as it pursues market expansion in Nigeria.
Umar joins as an independent non-executive director, contributing more than four decades of professional experience. He brings over thirty years of specialized knowledge in board operations and corporate governance.
His previous mandates include leadership roles at Ashaka Cement, CCNN and NAHCO. At those organizations, he chaired or served on critical committees handling audit, risk management, finance and establishment.
The new director also maintains active positions in the broader Nigerian financial infrastructure. He currently sits on the boards of GTL Registrars Limited and the Nigerian Capital Market Development Fund.
Ibru steps into the role of a standard non-executive director with a background spanning hospitality, tourism and financial services. His previous board tenures include Ikeja Hotel, The Tourist Company of Nigeria and Icon Stockbrokers Limited.
The insurer expects Ibru to leverage his expertise in legal and regulatory matters alongside investment transactions. His track record in strategic management and stakeholder engagement will support the board's broader decision-making responsibilities.
Halima Jimada, the company secretary, confirmed the strategic rationale behind the regulatory filings. She noted that the board expects the incoming directors to apply their "wealth of experience" to steer the ongoing expansion of the business.
These additions give the insurer fresh board-level expertise across risk management and strategic planning. The restructured leadership team is now tasked with translating this enhanced oversight into operational strengthening and future growth.
