Sunday, July 21, 2024
25.2 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

Hot this week

Stanbic IBTC Bank Partners Lagos State on Water, Sanitation Infrastructure Funding Summit

Stanbic IBTC Bank, one of Nigeria’s leading financial institutions,...

Stanbic IBTC Launches Ambitious Tree-Planting Campaign in Cross Rivers State

Stanbic IBTC Holdings, in collaboration with One Tree Planted...

PalmPay Named Among Top 250 Fintech Companies in the World by CNBC, Statista

PalmPay, a leading Africa-focused fintech platform, has been included...

AIICO’s Annuity Customers Attest to Financial Stability, Payout Hits N1.3bn Monthly 

AIICO Insurance Plc, a leading insurer in Nigeria, today...

WORLD PR DAY: APRA Advocates Ethical, Responsible Use of AI

The African Public Relations Association (APRA) has called on...

Topics

NNPC GCEO Urges Stakeholders, Nigerians to Refrain from Issuing Goodwill Messages

The Group Chief Executive Officer (GCEO) of Nigerian National...

NCC: Telecom Sector Contribution to GDP Rose to 13.5% in Q4, 2022

  The Nigerian Communications Commissions (NCC) says the contribution of...

Interswitch Bags Linkedin Sub-Saharan Africa Rising Star Award

Interswitch Group has been recognised as the inaugural winner...

Sovereign Trust Insurance Reports N10bn Gross Premium in Q3 2021

Mr. Olaotan Soyinka Managing Director/CEO Sovereign Trust Insurance Plc Despite...

Stanbic IBTC Named Nigeria’s Best Sub-Custodian Bank 2020 for 9th Time

Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC...

Brokers, Arbitrators Partner on Insurance Growth

The Assistant Executive Secretary, Nigerian Council of Registered Insurance...

Fidelity Bank Rating Downgraded by Moody’s over Liquidity Squeeze

The credit rating of Fidelity Bank Plc has been...

Sterling Bank Shines Spotlight on Creative Industries Potential

  “Nigeria’s leading financial institution, Sterling Bank Plc, has reiterated...
spot_img

Related Articles

Popular Categories

spot_imgspot_img