The Board of Directors, African Alliance Insurance Plc, has confirmed the appointment of Mrs. Funmilayo Omo, as the new managing director and chief executive officer of the company. Omo's appointment as the acting chief executive of the 56 year old life specialist underwriting firm on March 3, 2017, followed the retirement of the erstwhile managing director, Alohons Okpo. She joined African Alliance Insurance Plc (then a Limited Liability Company), as an Assistant Superintendent in 1991, and later rose to the position of Controller (Technical Operations) in charge of Individual Business in 2004.

In 2006, she became an Assistant General Manager from where she advanced to become the Executive Director and Head of the Life operations.