Jubilee Group has appointed Juan Cazcarra as its new Group Chief Executive Officer, effective December 1, 2026, succeeding Dr. Julius Kipng’etich, who retires on November 30 after eight years at the helm.
Cazcarra, is an insider who is presently Deputy Group CEO He joined Jubilee Group 5 years ago and took up his present position in April last year. He packs more than 20 years of insurance industry experience, having held senior leadership positions across Europe, Southeast Asia and Africa.
Cazcarra is credited with driving the digital transformation, improving operational efficiency and simplifying processes to strengthen service delivery across the Jubilee Group. His industry experience and knowledge of the business is expected to assist the group in its next growth phase.
Cazcarra holds a Master of Business Administration from Universidad Pontificia Comillas and a bachelor’s degree in law from Universidad de Zaragoza, both in Spain.
He replaces Kipng’etich, a seasoned boardroom player who has been with Jubilee for close to 8 years, and is credited with strengthening Jubilee’s regional position, supporting sustainable growth and investing in talent development.
Jubilee Group Network
Jubilee Group is a financial services holding company with headquarters in Nairobi, Kenya. The company maintains subsidiaries in Kenya, Uganda, Tanzania and Burundi. Its activities are mainly in the insurance sector.
Jubilee Group has Subsidiaries in Kenya, Uganda, Tanzania, Burundi and is a sister company to Diamond Trust Bank.
Associated companies include PDM (Holdings) Limited – 37.1% – Kenya – An investment vehicle through which the group has invested in the equity of Property Development and Management (K) Limited which conducts property investment, development and management.
IPS Cable Systems Limited – 33.3% – Mauritius – An investment vehicle through which the group has invested in the equity of the 15,000 km Seacom submarine fiber optic cable.
FCL Holdings Limited – 30.0% – Kenya – An investment vehicle through which the group has invested in the equity of Farmers Choice Limited with its main objective being sale of fresh and processed meat products.
IPS Power Investment Limited – 27.0% – Kenya – An investment vehicle through which the group has invested in the equity of Tsavo Power Company Limited that generates electricity for sale.
Bujagali Holding Power Company Limited – 25.0% shareholding – Uganda – An investment vehicle through which the group has invested in the equity of Bujagali Energy Limited an electricity generating company in Uganda.
Investment
Diamond Trust Bank Group – 10.27% shareholding- A major banking group in East Africa, active in Burundi, Kenya, Tanzania and Uganda. Held through Jubilee Insurance Company Limited.
The shares of stock of the holding company are listed on the stock exchanges in Nairobi, Kampala, and Dar es Salaam.
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