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Board of Directors

Our leadership team

Jim Ovia, CON

Chairman, Board of Directors

Chuks Igumbor, B.SC, MBA, FCIIN

Managing Director / CEO

Isioma Olowu

Executive Director/ CCO

Elaine Delaney

Non - Executive Director

Kwasi Osei

Non - Executive Director

NICHOLAS HOLDER

Non - Executive Director

DAVID NUTMAN

Non - Executive Director

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Prudential Zenith Life is part of Prudential plc. Prudential plc, incorporated and registered in England and Wales. Registered office: 1 Angel Court, London EC2R 7AG. Registered number 1397169. Prudential plc is a holding company, some of whose subsidiaries are authorized and regulated, as applicable, by the Hong Kong Insurance Authority and other regulatory authorities. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

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Jim Ovia, CON

Chairman, Board of Directors

Jim Ovia, CON is the Founder and Chairman of Zenith Bank Plc, West Africa’s largest bank. The Bank is ranked 325th in the world (The Banker, Top 1000 World Banks, 2016). Zenith Bank has over $16bn in assets with operations in London; UK, Dubai; UAE, Beijing; China, Accra; Ghana, Freetown; Sierra Leone and The Gambia in addition to over 300 branches in Nigeria. He had always instilled a high level of corporate governance across the Bank; enabling it to achieve a $850m GDR listing on the London Stock Exchange in 2013. In 2017, the Bank issued a $500m Eurobond that was four times oversubscribed and priced better than the equivalent home country sovereign bond. As the Chairman of Prudential Zenith Life Insurance Limited, he oversaw the landmark partnership of Prudential UK; one of the world’s largest life assurance companies and Zenith Life – Nigeria’s fastest growing life assurance company. He is currently the Chairman and majority shareholder of Zenith General Insurance Limited; Nigeria’s most profitable general insurance company.
An avid fan of iconic architecture, he developed the Civic Centre and Aquamarine Boat Club to exploit Nigeria’s burgeoning hospitality sector. Adjacent to this, he built the Civic Towers, a 15 story office block that colloquially is referred to as Nigeria’s “Empire State Building”. Driven by the role that technology could play in Nigeria; he established Cyberspace Limited to provide internet services and Visafone Communications Limited to provide telecom services. The latter was sold to MTN, Africa’s largest telco in 2015. As part of his philanthropic efforts, Jim Ovia is one of the founding directors of Private Sector Health Alliance of Nigeria (PSHAN) in collaboration with Bill & Melinda Gates Foundation. Realizing the importance that education played in his success, he established the Jim Ovia Foundation. To date over 1,500 students have been provided with university scholarships. Recognizing the gap in high quality secondary education, the Jim Ovia Foundation established James Hope College in his hometown of Agbor, Delta State; a co-educational boarding school that provides scholarships for over 50% of its pupils.
Jim Ovia’s contribution to the Nigerian economy has been recognized by successive governments; he was conferred with the national awards of Member Federal Republic (MFR, 2000) and Commander of the Order of Niger (CON, 2011). Jim Ovia is an alumnus of Southern University, Louisiana, B.Sc. Business Administration; University of Louisiana, Monroe, Louisiana, MBA; Harvard Business School, OPM.
Chuks Igumbor

Chuks Igumbor

Managing Director / CEO

Chuks Igumbor is a seasoned Insurance practitioner with over twenty-five (25) years experience in the insurance industry. He had his first degree from University of Benin, with a Bachelor degree in Geography. He is a fellow of the Chartered Insurance Institute of Nigeria (FCIIN) and has an MBA degree in Marketing Management from Lagos State University (LASU).

He has held various positions in the Insurance industry. He was the General Manager (Technical) of Afri-Ovis Insurance Brokers Limited. He rose through the cadre to the position of General Manager at Zenith General Insurance Company Limited overseeing the activities of Underwriting, Claims and Reinsurance departments of the company until his recent appointment as the CEO of Zenith Life Assurance Company Limited. He is also a Director of Venus Medicare.

He has attended various Underwriting and Risk Management courses, both locally and internationally.

Isioma Olowu

Chief Commercial Officer

Mrs. Olowu oversees the Bancassurance department. She is responsible for setting up the Bancassurance department with the purpose of strategically positioning the company to provide excellent products and services to clients. Mrs. Olowu is an experienced Banking professional with extensive experience in the Banking and Telecommunications industries, and four years of experience in the development and commercial launch phases and management roles at Visafone Communication Ltd. In addition, her experience extends to Marketing, Product Development and Management, Communications, International Trade Finance and Credit Management. She received an undergraduate degree in International Business and Marketing from Robins School of Business, University of Richmond, Virginia and an MBA degree from Leeds University Business School.
Elaine Delaney

Elaine Delaney

Director

Elaine Delaney began her career with Watson Towers, the largest global actuarial consultancy, advising FTSE 100 companies on both the asset and liability side. She later joined PSolve Asset Solutions, the fund-of-funds subsidiary of Sanlam Bank SA where she focused upon delivering tailor-made liability driven investment solutions to top UK corporate pension plans, with a focus upon alternative assets. She then moved to Gissings Consultancy Services as Head of R & D, developing derivative based solutions for institutional clients as an FSA approved Investment Advisor.

Elaine was a pioneer staff of Zenith Capital – establishing the fixed income desk, asset management desk and corporate finance desk, joining in 2006. She rose to become the Head of Corporate Strategy and Advisory at Zenith Bank Plc, providing advice directly to the Board of Directors. She served on the Investment Committee as an Investment Strategist for the Zenith Bank range of mutual funds, which was awarded the Best Asset Manager in Nigeria in 2008 and 2009 due to having the highest returns in the industry. In 2010 she co-founded Quantum Capital Partners LP which manages a diverse range of assets in the Oil and Gas, Hospitality, Financial Services, Education and Mobile Communications. Elaine is a non-executive director of Zenith Capital, Zenith Securities and Zenith Asset Management. As part of the Board of Directors of Zenith Life Assurance, she was instrumental in closing the landmark acquisition by Prudential Plc. She holds a seat on the board of Zenith General Insurance, Nigeria’s most profitable insurance company.

She was one of the pioneer members of the Emerging Markets Private Equity Association’s Energy Council. Elaine served on the Finance Committee of St Saviours School, Ikoyi in 2016 and 2017.

Elaine holds a PDP in Actuarial Management and a BSc in Actuarial Science from the Cass Business School, London. She is a member of the Institute of Actuaries and a Fellow of the Institute of Mathematics and Applications.
Kwasi Osei

Kwasi Osei

Director

Kwasi Osei is a trained actuary having attained Membership of the American Academy of Actuaries in 1980 and Fellowship of the Society of Actuaries in 1983. He received a BA (Cum Laude) in Maths from University of California, Los Angeles (UCLA) and an MBA in Finance and Actuarial Science from the Ross School of Business, University of Michigan Ann Arbor, Michigan, USA. He has held senior management positions in a number of top flight insurance companies in the US, including Trans America Assurance Company, Travelers Insurance Company, Hartford Connecticut, and Golden State Mutual Life Insurance Company Los Angeles. Kwasi Osei has served as Chairman of the Governing Council of the African University College of Communication, and as Non-Executive Director of Ebankese Venture Fund Limited, Otumfuo Osei Tutu II Charity Foundation and Imperial General Assurance Company Limited. He has also been the Director General of Social Security & National Insurance Trust (SSNIT), Executive Chairman and Chief Actuary of TRI-Star Financial Group and Non-Executive Director of the State Insurance Company, Ghana International Bank, UK, Global Access Savings and Loans Company.

NICHOLAS HOLDER

Director

Nicholas Oliver Holder has recently been appointed as the Chief Operating Officer for Prudential Africa with oversight for External Affairs, Finance, Legal & Governance, Actuary, HR and Risk & Compliance. He was most recently the Chief Financial Officer for Prudential Indonesia (PLAI).  

He has been working in the Prudential Group since 2009 serving as Chief Financial Officer for Prudential Vietnam, Chief Operating Officer, Chief Corporate Development Officer and Chief Financial Officer for Prudential Indonesia. 

Since 2014, he worked in Prudential Indonesia (PLAI), Prudential’s most profitable company in Asia.  I am since March 2018 EVP, Chief Financial Officer (and before Chief Operating Officer and Chief Corporate Development Officer) and Member of the Board of Directors.   

From 2009-2014, he worked as Chief Financial Officer for Prudential Vietnam (PVA), the largest local life insurance company with a then 35% share of total premium. 

From 2011 to 2014, he was the Chairman of the British Business Group in Vietnam 

He sits on several Boards in the Prudential Group and has represented Prudential in various external forums such as the British Chamber of Commerce.

DAVID NUTMAN

Director

David Nutman is currently CEO at Prudential Cambodia, responsible for all in-country activity. He joined Prudential Cambodia on 1 November 2016. From 1 April 2017 he also assumed management responsibility for Prudential Laos. His prior role was as Chief Compliance Officer at Prudential Corporation Asia (PCA) the regional head office in Hong Kong, with overall responsibility for the compliance and anti-money laundering functions covering all Asian Insurance operations. He joined PCA in January 2005. 

Prior to PCA David spent 3 years in Prudential’s London Group Head Office within the Group Legal & Compliance function and prior to that 6 years managing operations for the Prudential UK insurance business in London/Reading. Before joining the Prudential Group in April 1996, David spent 2 years at the then senior UK financial services regulator, the Securities and Investment Board (now the PRA/FCA). 

A 36 year life insurance industry veteran, David started his career in various sales and marketing roles firstly at Equity & Law (now part of AXA) before moving to Royal Sun Alliance (now known as RSA). David is a long-qualified Associate of the Chartered Insurance Institute and a Chartered Insurer. 

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