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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.
George Nyakundi appointed as new ICEA Lion Life CEO
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George Nyakundi has been announced as the new ICEA Lion Life Chief Executive Officer, effective 1st January 2021. He takes over from Justus Mutabari Mutiga, who has retired, after 27 years with the firm.
Mr. Nyakundi was previously the company’s General Manager Business Development & Technical Services.
He has a vast career background spanning about 30 years in the life insurance sector. He began his career at Kenindia Assurance in 1988, before briefly moving on to Occidental Insurance as the Marketing and Administration Manager. He later joined Jubilee Insurance in 1999 as a Senior Underwriter before leaving in 2006 to join Alliance Insurance Corporation in Tanzania as the Head of the Life Business, where he later took over as the Chief Executive Officer in 2013.