Hilal Takaful Nigeria Limited, a subsidiary of Cornerstone Insurance Plc and Nigeria’s pioneer Takaful insurance provider, has announced the appointment of Mr. Hassan Olanrewaju as its new Managing Director/Chief Executive Officer. His appointment takes immediate effect and reflects the company’s commitment to advancing ethical, innovative, and participant-centered insurance solutions.
Mr. Hassan, a Chartered Insurance Professional, brings more than 20 years of industry experience spanning technical operations, business development, and strategic management. He has held key leadership roles at Mutual Benefits Assurance Plc, Great Nigeria Insurance Plc, Law Union & Rock Plc, and Oceanic Insurance Group. Throughout his career, he has demonstrated strong leadership, delivering growth, operational improvements, and market expansion—qualities the company believes will drive its next phase of development.
Expressing confidence in his appointment, the Board of Hilal Takaful Insurance stated, “We believe Mr. Hassan’s leadership will further strengthen Hilal Takaful’s presence in the Takaful ecosystem, driving greater impact, innovation, and excellent service delivery.”
Mr. Hassan also shared his enthusiasm for the role, saying, “It is a privilege to lead Hilal Takaful Insurance at such a defining time. I look forward to working with our dedicated team to enhance our offerings, deliver exceptional value to our participants, and uphold the ethical principles that define our brand.”
Hilal Takaful Nigeria Limited—formerly known as Cornerstone Takaful Nigeria Limited—has a rich legacy in the country’s Takaful landscape. It became Nigeria’s first composite Takaful Window Operator in 2010 under the authorization of the National Insurance Commission (NAICOM), setting the pace for Shariah-compliant insurance services.
“With over a decade of experience as a composite Takaful Window Operator, we are proud to have successfully distributed surplus funds to participants without claims for more than seven years, demonstrating our commitment to equitable financial participation,” the company noted in a statement. “We remain dedicated to delivering Takaful solutions that fully align with Shariah principles. Our core values—Integrity, Empathy, Professionalism, Innovation, and Team Spirit—continue to guide our mission to exceed customer expectations through tailored, needs-based products and exceptional service.”
