Jubilee Allianz General Insurance Limited -Kenya has a new Chief Executive Officer. Adja Samb, who is the current CEO of Allianz Senegal takes office on July 1, 2021.
Adja will succeed Catherine Igathe, who is leaving the company to pursue other opportunities.
“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,” said Coenraad Vrolijk, Regional CEO of Allianz Africa in a statement. “Her extensive experience in the insurance industry, in business transformation and in Africa will serve Jubilee Allianz well.”
Early this month, Allianz completed acquisition of majority stake (66percent) in Jubilee General Insurance, Kenya. The acquisition followed the execution of an agreement signed on September 29, 2020, whereby Allianz agreed to acquire the majority shareholding in the short-term general (property and casualty) insurance business operations of Jubilee in five countries in Africa, namely, Kenya, Uganda, Tanzania, Burundi and Mauritius.
Jubilee General Insurance Limited is now a company of the Allianz Group and operates as “Jubilee Allianz General Insurance Limited.” Allianz is one of the world’s leading insurers and asset managers.
According to the statement by Allianz, Adja, the in-coming CEO 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,” adds the statement. Adja has held key executive positions within the insurance industry in Europe and Africa.
More Boardroom Shuffles
Meanwhile, Demba Sy joins the Board of Directors of Jubilee Allianz General Insurance Limited, while Isaac Adomako will replace Philip Kimani as company Chief Finance Officer.
Adomako has a wealth of experience. He has worked in Allianz Ghana for nine years, first as Head of Audit then as Finance and Administration Director.
“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 Vrolijk.