Background
Talabi Braithwaite was born on 2 July 1928 in Lagos.
President of the Insurance Institute of Nigeria
Talabi Braithwaite was born on 2 July 1928 in Lagos.
He attended the Content Management System Grammar School, Lagos and in 1946 obtained a first grade Senior Cambridge Certificate with exemption from London Matriculation.
He was the first President of the Insurance Institute of Nigeria (IIN), now the Chartered Insurance Institute of Nigeria (CIIN). In 1949 he went to London where he gained experience in general insurance at the Royal Exchange, London. He was the first African to pass the examination to become an associate of the Chartered Insurance Institute, London in 1951.
Braithwaite returned to Nigeria in October 1952 to start the chief agency of the Law Union & Rock Insurance Company.
In the 1950s he shared a flat on Hawley Street with Sonny Odogwu, who would also become a leader in the Nigerian corporate world, and Michael Kubenje. In 1958 he launched T.A. Braithwaite Insurance Brokers & Company
The company specialized in the new fields, for Nigeria, of Marine Insurance and Assurance Underwriting. In 1959 Braithwaite presided over the meeting of the Nigerian Insurance Consultative Committee that resolved to form the Insurance Institute of Nigeria, and was on the steering committee that planned for launch of the Institute.
Braithwaite advised the government of the Western Region of Nigeria in 1960 as a risk consultant when it formed the Great Nigeria Insurance Company.
He assisted with setting up other insurance companies including the West African Provincial Company and the African Insurance Company. Between 1963 and 1966 Braithwaite was the first indigenous president of the Insurance Institute of Nigeria (IIN), the insurance industry"s professional association. He was also first president of the Nigerian Corporation of Insurance Brokers for sixteen years starting in 1963.
Talabi Braithwaite died on 2 May 2011 in a London hospital, aged 82.
He left a large fortune.
In 1969 he became an underwriting member of Lloyd"s of London, and from 1 January 1970 started underwriting on the Merrett Syndicate.