Kenya Re Towers Upperhill Nairobi. Photo | courtesy.
Kenya Reinsurance Corporation Limited (Kenya Re) on Thursday 4th, September 2025 a change in its executive leadership after the company’s board revealed the suspension of its current managing director Dr Hillary M. Wachiga for 21 days effective from 3rd September 2025.
According to the board the decision came after a pleriminary review of internal matters within the company which is ongoing and confirmed the suspension was in the best interest of the company and its stakeholders .
Mr Nicodemus Gekone the current General manager of property and investment has been appointed as the interim manager during this period, with the boards emphasizing full confidence in his leadership ability during this period
The Board of Directors reaffirms its unwavering commitment to the highest standards of corporate governance and to protecting the interests of all stakeholders,” the announcement stated.
“We remain focused on executing our long-term strategy and ensuring that our foundations remain strong while business operations continue uninterrupted.”
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Kenya Re was established via Act of Parliament in December 1970 and operational since January 1971 is the oldest reinsurer in Eastern and Central Africa. It delivers sustainable risk and financial solutions across a full spectrum of insurance lines including life, health, property and casualty and retakaful and supports insurance firms in over 80 countries across Africa the Middle East and Asia.
