Top Kenyan Jubilee Insurance Managers Fired As New Owner Takes Charge

Allianz Kenya managers: Allianz Africa has made leadership changes at its newly acquired entities in Kenya and Senegal. In Kenya, Allianz has fired top Jubilee Insurance (now Allianz General Insurance) managers and replaced them with its own appointees.

Among the biggest causalities in the Kenyan operation is Catherine Igathe, the current CEO of Jubilee Allianz General Insurance Limited Kenya, who will leaving the company in mid-July “to pursue other opportunities”. Ms Igathe will be succeeded by Adja Samb, currently CEO of Allianz Senegal, effective on July 1, 2021.

“’I would like to thank Catherine for her service over the last 15 months and for her support in the transition to Jubilee Allianz. I wish Adja and her team all the best for the future,” stated Nizar Juma, Chairman of Jubilee Allianz General Insurance Limited, Kenya, and of Jubilee Holdings Limited.

In her previous role, Adja drove the acquisition and integration of an insurance company in Morocco into the Allianz Group in 2016. As CEO of Allianz Senegal since 2019, she has led cultural changes by putting in place a results-driven organization with key performance and productivity measurement tools. Adja has held key executive positions within the insurance industry in Europe and Africa.

“Adja is the right leader to integrate and transform our new entity into one ready to secure the future of all our customers and partners in Kenya,” Coenraad Vrolijk, Regional CEO of Allianz Africa, said. “Her extensive experience in the insurance industry, in business transformation and in Africa will serve Jubilee Allianz well.”

Philip Kimani, the current CFO (chief finance officer) of Jubilee Allianz General Insurance Limited Kenya, has also been pushed out, and leaves the company end of May 2021 after three years of service to pursue other opportunities. He will be succeeded by Isaac Adomako. Prior to his nomination, Isaac held key positions in Allianz Ghana for 9 years, first as Head of Audit then as Finance and Administration Director.

In his last role at Allianz Ghana, he was in charge of Finance, statutory matters and administrative related topics. He also worked with the local management team to develop a strong internal control system. Before joining Allianz, Isaac worked as Finance Manager for a major financial institution and for a corporate bank as Reporting Manager in Ghana.

Demba Sy joins the Board of Directors of Jubilee Allianz General Insurance Limited Kenya, while remaining the CEO of Allianz Insurance Company of Kenya Limited until the portfolio of the company is successfully transferred into Jubilee Allianz General Insurance Limited, Kenya. His leadership role thereafter will be announced in due course.

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Amine El Kernighi, currently Regional Head of Agents at Allianz Africa, will take over as CEO of Allianz Senegal effective on June 1, 2021. Amine began his career in the insurance sector in 2004 and he has held several positions in Loss Prevention, Risk Management and Internal Audit.

In 2012, he was appointed Chief Sales and Distribution Officer of an insurance company in Morocco that was later acquired by Allianz and drove the transformation and the growth strategy of the retail business of the entity until 2018. In 2019, he became chief transformation officer of Allianz Maroc.

Amine has served as a non-executive Member of the board of Allianz Senegal since 2018. Currently based in Casablanca, Amine will relocate to Dakar in due course.

“With these management changes, we aim to strengthen Allianz’s businesses on the continent and to accelerate the transformation of our entities to better deliver for our customers,” said Coenraad Vrolijk, Regional CEO of Allianz Africa.

The appointments are subject to relevant regulatory and corporate approvals.

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