Monday, January 20, 2025
28.7 C
Lagos

Continental Re Appoints Kevin Kiambi Mworia to Lead its Kenya Subsidiary

L-R:  Mr. Lawrence Nazare, Group Managing Director, Continental Reinsurance Plc; Mr. Kevin Mworia, Managing Director, Continental Re (Kenya), Mr. Godfrey Kiptum, Commissioner of Insurance, Insurance Regulatory Authority Kenya, Dr. Steve Mainda, Chairman Continental Re Kenya, Mr. Emeka Akwiwu, Executive Director – Technical, Continental Reinsurance Plc

Continental Reinsurance Plc pleased to announce the appointment of Mr. Kevin Kiambi Mworia as Managing Director for the Kenya Subsidiary.

Kevin succeeds Mr. Souvik Banerjea, who has retired from the Company after five years of service.

With a career spanning two decades, Kevin’s mark on the insurance landscape encompasses notable highlights from his previous role at Sanlam Kenya Group, where he served as the Principal Officer of Sanlam Life and Group CFO of Sanlam Kenya Plc.  Before this, Kevin served at Liberty Life and Metropolitan Cannon in senior finance roles, having started his career at the ICEA LION Group.

At 51, Kevin, a Certified Public Accountant, has 18 years of senior leadership experience encompassing strategy, finance, human capital, culture transformation and strategic alliances.  He is a Bachelor of Science (Hons) graduate in Mathematics and Statistics from Kenyatta University and The Stellenbosch Business School Senior Leadership Development Programme.

He also has a Circular Economy and Sustainable Strategies certification from the University of Cambridge’s Judge Business School.

“Our Nairobi office serves as Continental Re’s underwriting center for the Eastern region, catering to a diverse regional market encompassing Kenya, Burundi, Djibouti, Egypt, Eritrea, Ethiopia, Rwanda, South Sudan, Seychelles, Somalia, Tanzania, and Uganda.  We started operations as a branch office in 2008 and, in 2013, converted to a subsidiary regulated by The Insurance Regulatory Authority of Kenya.

Our contribution to the Kenya Market is reflected through our 28% market share amongst peers, while the Kenya subsidiary’s contribution to the Continental Re Group’s total earned premium has grown from 4% in 2008 to 39% in 2022.

As Managing Director, Kevin will lead the Nairobi-based team to achieve our ambitious corporate growth aspirations in the country and eastern region to deliver sustainable value to our strategic partners, customers, and shareholders.

Insurance penetration in Africa has continued to lag the rest of the developed world.  This presents an opportunity for insurers, reinsurers, intermediaries, and other related suppliers of insurance services to address the growing need for insurance coverage.  We take this opportunity to rally your support as strategic partners and your collaboration as industry peers to collectively improve insurance practice and the industry’s value proposition to the market.”

spot_img
spot_img
spot_img

Hot this week

Linkage Assurance CFO Becomes Pioneer Chairman of ICAN-NIA Chapter

L-R: Bola Odukale, Director-General/CEO, Nigerian Insurers Association (NIA); Etofolam...

NAICOM, Police Partner on Enforcement of Third Party Motor Insurance

The Commissioner for Insurance and Chief Executive Officer of...

Fidelity Bank Strengthens Leadership with New Board Appointments

In a strategic move to sustain its impressive performance,...

PenOp Explains the Contributory Pension Scheme Process in Nigeria

Understanding How Monthly Pensions Are Paid to Retirees Under...

Sovereign Trust Insurance Receives Appreciation Plaque from Atinuke Cancer Foundation

L-R: kayode Adigun, Executive Director, Finance and Corporate Services;...

Topics

Africa, Middle East Virtual Reality Market to top $6bn in 2020

The Middle East and Africa (MEA) augmented and virtual...

NCC to Parents: Guard Against Children’s Uncontrolled Exposure to Online Activities 

L-R: Dawn Dimowo, Manager, Government Affairs and Public Policy,...

NCDMB: Court Affirms Mandate to Collect 1% NCDF in Oil/Gas Sector

  The Federal High Court sitting in Yenagoa, Bayelsa State...

ADVISORY SERIES: How to Switch Your Career to a Tech...

DHL: Customer Service as Market Growth Benchmark

As consumers and businesses are urged to tighten their...

ADB, ECOWAS Hold Roundtable on Non-tariff Challenges

Representatives from trade ministries of the Economic Community of...

Africa, Middle East Tablet Market Shrinks 13.3% in Qtr2

Sluggish demand from consumers across much of the Middle...

Ecobank Appoints Adjei as CEO for CESA Countries

Ecobank Transnational Incorporated (ETI), parent company of the Ecobank...
spot_img

Related Articles

Popular Categories

spot_imgspot_img