Alhaji Mohammed Kari, a seasoned insurance industry technocrat, has been appointed by President Muhammadu Buhari, as the Commissioner for Insurance and Chief Executive of the National Insurance Commission (NAICOM).
A statement issued in Abuja on Friday by Mr Femi Adesina, the Special Adviser on Media and Publicity to the president, said the appointment takes effect from July 31, and is for a term of four years in the first instance.
According to the statement, Kari, a Chartered Insurer and Professional IT Consultant, Kari was until his new appointment, the Deputy Commissioner (Technical) in the National Insurance Commission.
It said that the new NAICOM boss started his career with Royal Exchange Assurance in 1979, and later worked with Yankari Insurance Company until 1989, when he was appointed as Executive Director in Niger Insurance Plc.
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.
Kari, it said, returned to insurance management in 2007 as the Managing Director/Chief Executive of Unity Kapital Assurance Plc, where he served for four years.
The statement added that President Buhari also renewed the appointment of Mr Joshua Okpo as the Rector of the Maritime Academy, Oron for a second and final term of four years.