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Updated: Jan 27, 2023

Prof. Ahmed Salawudeen, Founder of SICL RE and his TEAM receiving the Operational Reinsurance License from Alh. Sabiu B. Abubakar, the Deputy Commissioner (Technical) of NAICOM

SICL Reinsurance Brokers Limited has become the latest entrant in the league of Companies licensed to offer Reinsurance Brokerage services in Nigeria.

The Executive Management of SICL RE led by Professor Ahmed Salawudeen, Chairman and Founder of the Company, were at the Abuja Head Office of the National Insurance Commission (NAICOM) last week to receive the operational license from Alh. Sabiu Bello Abubakar, the Deputy Commissioner (Technical) of the Regulator.

SICL Reinsurance Brokers Limited (SICL RE) is a subsidiary of Standard Insurance Consultants Limited (SICL), a leading Insurance Broker in Nigeria Insurance Marketplace. As far back as 2021, the Company had employed a number of experienced Reinsurance Professionals in anticipation of Regulatory approval for the commencement of Operations. Some of the Professional Managers including but not limited to Oladipo Bolaji Zaheed, the Managing Director, Femi Owolabi, the Deputy Managing Director, and Bola Atoyebi, Reinsurance Manager as well as Augustine Ayi, the Chief Operating Officer, and Zainab Bakare, the Business Development/Legal Advisor have over 20 YEARS experience in the Insurance Industry.

Expressing his delight at the Operational License approval, Professor Salawudeen shares his vision:

“The key foundation of our Business is based on our core values; Trust, Credibility, and Professionalism. Our desire is to be the best in our line of business and the partner of choice to our Clientele who seek solutions within the Reinsurance broking services space. SICL RE was born out of our belief that Insurance Companies in Nigeria deserve better deals in the Reinsurance space. We will deliver on our promises, Insha Allah.”



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