Jubilee Holdings Limited has appointed Njeri Jomo as the Chief Executive Officer and Principal Officer of Jubilee Health Insurance Limited.
Previously she served as the General Manager, Retail Business Development at Britam Group, responsible for driving the growth of the retail product portfolio and managing the distribution channels.
“Njeri is an experienced and multifaceted executive leader committed to delivering growth and profitability, organizational transformation, and strategic evolution with a career spanning over 20 years in financial services,” Jubilee Holdings Limited said in a statement.
She holds an Executive Master of Business Administration from USIU Africa and Frankfurt School of Finance and Management, a Bachelor’s degree in Business Administration (Marketing) from Kenya Methodist University, an associate, Life Management Institute (ALMI) from LL Global USA, a Diploma in Insurance and an Award in Bancassurance from the Chartered Insurance Institute — London and a Certificate of Proficiency (COP): Life & General Insurance from the College of Insurance.
The appointment comes days after global insurer Allianz SE completed the acquisition of a 66 per cent stake in Jubilee Insurance Mauritius subsidiary, concluding the planned purchase of the latter’s insurance business in the Eastern Africa market.
The transaction consisted of Allianz acquiring 51 per cent of ordinary shares from Jubilee Holdings Ltd and all shares previously owned by the Aga Khan Fund for Economic Development (AKFED).