THE STANDARD
By
Wainaina Wambu |
January 9th 2021 at 00:00:00 GMT +0300
George Nyakundi
ICEA Lion Life Assurance has appointed George Nyakundi as the new chief executive following the retirement of Justus Mutiga after 27 years with the firm.
Mr Nyakundi (pictured) was ICEA Lion’s general manager for business development and technical services.
A statement form the company said Mr Mutiga had overseen huge growth since his appointment in 2012, with gross premium rising from Sh5 billion to over Sh14.6 Billion last year.
Total assets strengthened from Sh32 billion in 2012 to over Sh100 billion in 2020.
ICEA Lion Group Chairman James Ndegwa said Mutiga was passionate about the advancement of life insurance, pensions and investments, and generously shared his knowledge and experience.