By Douglas Muriithi
Dr. Benson Irungu Wairegi is set to retire as Britam Holdings Plc Group
Managing Director effective 31st January 2021.
In an internal circular to directors and staff at Britam, company
chairman Andrew Hollas said that Dr. Wairegi has served Britam
diligently for 40 years and has helped grow the company from a small
home service insurance to a listed multinational company at the Nairobi
Securities Exchange, with presence in 7 countries in Africa.
“On behalf of our shareholders and the Board, I want to express my deep
appreciation to Dr. Wairegi for his steady leadership which has seen
Britam experience rapid growth during his tenure as the Group Managing
Director. The Board appreciates Dr. Wairegi’s service and wish him the
very best in his future endeavors. As a result of his experience in
the Industry, Britam will continue tapping into his skills in different
capacities,” said Board Chairman, Andrew Hollas.
At the same time, the chairman announced the appointment of Mr.
Tavaziva Madzinga who will be taking over from Dr. Wairegi as the Group
Managing Director of Britam Holdings Plc Group, effective 1st February
2021.
Mr. Madzinga is an actuarial scientist, holder of a Bachelor of Science
Degree from the University of Cape Town and has attended INSEAD
Business School, France and Harvard Business School.
He has over 20 years’ experience in the Insurance industry and has
served in various capacities which include Chief Executive Officer
Swiss Re (UK & Ireland), Managing Director, Swiss Re Middle East &
Africa, Regional Chief Executive Officer South & East Africa Old
Mutual. He worked for Swiss Re for 3 years and at Old Mutual for 16
years which included being Chief Executive Officer in Kenya.
Mr. Madzinga’s appointment followed an in-depth recruitment process
which spanned over two years.
“The Board is confident that the Company will benefit immensely from
Mr. Madzinga’s skills, knowledge and vast experience,” Hollas
concluded.
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