Continental Re Appoints Kevin Mworia, MD Kenya

NAIROBI,

Monday September, 11,2023

KNA by Michael Omondi

Continental Re has announced the appointment of Mr. Kevin Kiambi Mworia as Managing Director (MD) for the Kenya Subsidiary.   

Mr. Mworia succeeds Mr. Souvik Banerjea, who has retired from the Company after five years of service.

With a career spanning two decades, Mworia’s mark on the insurance landscape encompasses notable highlights from his previous role at Sanlam Kenya Group, where he served as the Principal Officer of Sanlam Life and Group CFO of Sanlam Kenya Plc.  

Before this appointment, Mworia served at Liberty Life and Metropolitan Cannon in senior finance roles, having started his career at the ICEA LION Group.  

At 51, the new MD, a Certified Public Accountant, has 18 years of senior leadership experience encompassing strategy, finance, human capital, culture transformation and strategic alliances.  

He is a Bachelor of Science (Hons) graduate in Mathematics and Statistics from Kenyatta University and The Stellenbosch Business School Senior Leadership Development Programme and also has a Circular Economy and Sustainable Strategies certification from the University of Cambridge's Judge Business School.

According to a press statement, the Nairobi office serves as Continental Re's underwriting center for the Eastern region, catering for a diverse regional market encompassing Kenya, Burundi, Djibouti, Egypt, Eritrea, Ethiopia, Rwanda, South Sudan, Seychelles, Somalia, Tanzania, and Uganda.  

“We started operations as a branch office in 2008 and, in 2013, converted to a subsidiary regulated by the Insurance Regulatory Authority of Kenya,” said Lawrence Nazare Continental Re Group Managing Director.

He continued, “Our contribution to the Kenya Market is reflected through our 28 percent market share amongst peers, while the Kenya subsidiary's contribution to the Continental Re Group's total earned premium has grown from 4 percent in 2008 to 39 percent in 2022. 

As MD, Mworia will lead the Nairobi-based team to achieve Continental Re’s ambitious corporate growth aspirations in the country and eastern region to deliver sustainable value to the firm’s strategic partners, customers, and shareholders.

Courtesy; KNA