Toye is currently the Deputy Managing Director of Custodian & Allied Insurance.
He contributed to the elevation of Cornerstone Insurance company where he was at various times Head, Business Development and Energy Groups. He was later appointed Managing Director/Chief Executive of Signal Insurance Company Limited.
A graduate of the University of Lagos with a B.Sc. Hons. degree in Insurance. Toye is also an alumnus of the prestigious Lagos Business School and a member of the Chartered Insurance Institute of Nigeria.