Africa Re bids farewell to industry stalwart Ken Aghoghovbia at grand retirement celebration
The African Reinsurance Corporation (Africa Re) hosted a heartfelt retirement celebration on Friday, June 20, 2025 in honour of Mr. Ken Aghoghovbia, Deputy Managing Director and Chief Operating Officer (DMD/COO), as he concluded an illustrious 40-year career with the Corporation.
Held in Lagos, the event brought together a distinguished gathering of colleagues, family members, industry peers, and partners from across Africa and beyond. Themed 'A Legacy of Stability: 40 Years of Commitment & Impact,' the evening highlighted Mr. Aghoghovbia's transformational contributions to Africa Re and the wider insurance and reinsurance industry.
Mr. Aghoghovbia joined Africa Re in 1985 and rose through the ranks to occupy some of the institution's most strategic leadership roles. From his appointment as the pioneer Regional Director for Anglophone West Africa in 2009, to his elevation as DMD/COO in 2011, his impact has been both operational and visionary. He played a critical role in revitalizing Africa Re's Oil & Energy and Aviation Pools and was instrumental in expanding the Corporation's footprint across Africa's key markets.
Reflecting on Mr. Aghoghovbia's enduring legacy, Africa Re's Group Managing Director/Chief Executive Officer, Dr Corneille Karekezi, said:
'Ken's leadership has been marked by quiet strength, technical depth, and a rare ability to bring people together in pursuit of excellence. His legacy was one of enduring commitment, exceptional leadership and deep passion for growth of reinsurance in Africa.'
The celebration featured a blend of formal and emotional moments—including personal tributes, a curated digital exhibition of his career highlights, and the premiere of a short documentary film chronicling his journey. Colleagues, industry leaders, and mentees alike described Mr. Aghoghovbia as a mentor, builder, and pillar of institutional continuity.
In his own remarks, Mr. Aghoghovbia expressed deep appreciation:
'It has been the honour of a lifetime to serve this great organisation. I am not retiring. I am stepping into a new chapter, quietly with no regrets, only deep gratitude. As I begin this new chapter, I remain deeply thankful for the opportunity to contribute to Africa Re's journey.'
As Mr. Aghoghovbia embarks on retirement, he does so with the respect and admiration of an industry he helped shape. His legacy continues in the systems he strengthened, the people he mentored, and the values he upheld.
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ABOUT AFRICA RE
The African Reinsurance Corporation ('Africa Re' or 'the Corporation') is an international organisation with headquarters in Lagos, Nigeria, and with a dual commercial and developmental mandate focused on the African insurance sector. The Corporation, created by a multilateral agreement signed in 1976, is owned by 42 member states of the African Union (AU), the African Development Bank (AfDB), 112 African insurance and reinsurance companies and three leading global insurance and reinsurance groups. The financial strength and credit rating of the Corporation is 'A' by A.M. Best and 'A-' by Standard & Poor's.
The mission of the Corporation is 'to foster the development of the insurance and reinsurance industry in Africa; to promote the growth of national, regional and sub-regional underwriting and retention capacities and to support African economic development.'
The African Reinsurance Corporation (Africa Re) is a leading reinsurance company headquartered in Lagos (Nigeria). As a premier reinsurer of the African continent, it boasts one of the top highest premium income volumes and the strongest financial strength ratings.
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