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Chuks Udo Okonta
Continental Reinsurance Plc, has announced the appointment of Kevin Kiambi Mworia as Managing Director for the Kenya Subsidiary.
A statement by the company said Kevin succeeds 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.
