AXA Mansard Insurance Plc board chairman, Mr Kolawole Adesina has acquired 5 million ordinary shares of the company at N13.50 per share in a transaction executed on the NGX.
In a regulatory filing dated January 8, 2026, the insurer disclosed that Adesina, a Non-Executive Director and Chairman of the board, acquired the shares in a transaction, valued at N67.5 million on December 12, 2025, in Lagos.
The notification signed by the Company Secretary, Mrs Omowunmi Adewusi was made in compliance with insider dealing disclosure requirements applicable to directors and persons discharging managerial responsibilities.
Market observers typically view insider share purchases as a signal of management’s confidence in a company’s fundamentals and long-term prospects, particularly in a competitive insurance market marked by recapitalisation pressures and rising claims costs.
Kolawole “Kola” Adesina, MFR, FNSE – Executive Profile
Kolawole Adesina (commonly known as Kola Adesina) is a Nigerian business leader, entrepreneur, and senior executive with extensive experience across insurance, finance, energy, infrastructure, trade, and diplomacy. He currently serves as Chairman of the Board of Directors of AXA Mansard Insurance Plc, where he provides strategic governance and leadership in support of the company’s long-term growth and shareholder value creation.
Education and Professional Development
Mr. Adesina holds a Bachelor of Science in Insurance and a Master of Science in Business from the University of Lagos. He has completed executive education programmes at Harvard Business School and the Wharton School’s Advanced Management Program. He is an Associate of the Chartered Institute of Insurance and a Fellow of the Nigerian Society of Engineers (FNSE).
In 2025, the University of Lagos conferred on him an honorary doctoral degree, recognising his contributions to Nigeria’s business ecosystem and socio-economic development.
Career and Leadership Roles
Mr. Adesina began his career in the insurance industry, where he built deep expertise in commercial risk solutions and client relationship management. He later joined the Sahara Group, an international energy and infrastructure conglomerate, where he played a key role in the group’s strategic expansion across Africa, Asia, Europe, and the Middle East.
Within the Sahara Group, he has held senior executive responsibilities, including Executive Director roles, and has led key affiliates such as Sahara Power Group, a major energy delivery enterprise. His governance experience extends to chairmanships and board positions in critical Nigerian energy infrastructure companies, including Ikeja Electric Plc and Egbin Power Plc, both central to Nigeria’s electricity value chain.
He also served on the Presidential Committee on the Accelerated Expansion of Electricity Infrastructure, contributing to policy direction and structural reforms in Nigeria’s power sector.
Recognition and Honours
In recognition of his leadership and public service, Mr. Adesina was awarded the Member of the Order of the Federal Republic (MFR) by the Federal Government of Nigeria. His strategic insight, governance experience, and cross-sector leadership have established him as a respected voice in corporate Nigeria and the wider African business landscape.
About AXA Mansard
AXA Mansard Insurance Plc is one of Nigeria’s leading insurance companies and is a member of the AXA Group, a global insurance and asset management brand.
