Kenya Reinsurance Corporation PLC (Kneya Re) has reinstated its Managing Director, Dr. Hillary M. Wachinga, following the conclusion of a two-month internal review that began in early September.
The company’s board confirmed that Dr. Wachinga resumed his duties on November 6, 2025, marking the end of the process that had temporarily sidelined the reinsurer’s top executive.
While the board did not disclose the details or findings of the review, it described the exercise as part of its commitment to strong governance and accountability. The decision to reinstate Dr. Wachinga signals the board’s confidence in his leadership as the company continues to focus on strengthening operations and shareholder value.
During the review period, Nicodemus Gekone, the General Manager for Property and Investments, served as Acting Managing Director. The company assured clients and investors that business operations remained stable throughout the transition.
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Speculation about internal management issues circulated widely on social media and among market observers, but Kenya Re did not release any official statements to address those claims. The board maintained that the review was an internal matter handled through established corporate procedures.
Kenya Re is listed on the Nairobi Securities Exchange under the ticker symbol KNRE. Its share price declined following the announcement of Dr. Wachinga’s suspension, dropping from a pre-suspension high of Sh3.62 on September 3 to around Sh3.00, where it has since stabilized.
The stock has not yet regained its earlier momentum, and investors will be watching closely to see how the market responds to the reinstatement.
