The Board of ICEA LION General Insurance has named Paul Muthaura (MBS), as the new Chief Executive Officer. He replaces the long-serving Steven Oluoch, who has left the organization upon attainment of the retirement age.
The Insurance Regulatory Authority has already approved Muthaura’s appointment as the Company’s CEO.
“I hand over this committed, technically astute and customer-oriented team to my worthy successor with the conviction that ICEA LION General will grow from strength to strength,”Steven Oluoch
Muthaura joined ICEA LION General Insurance as the Chief Operating Officer in April 2020. Prior to that, he served as the Chief Executive Officer at the Capital Markets Authority.
For the 14 years at the CMA, he is credited with strategically positioning the business to be ranked the most Innovative Capital Markets Regulator in Africa for five years in a row.
Muthaura has a legal background with a Masters of Law degree (Banking & Finance), a Masters degree in Philosophy, and also holds a Post Graduate Diploma in Financial Management.
Professionally, he is an Advocate of the High Court of Kenya, an Honorary Fellow of the Institute of Certified Secretaries and a Certified Executive Coach by the Academy of Executive Coaching. Muthaura has served as a Board Member for the International Organisation of Securities Commissions.
He has also been a Member of the Financial Stability Board (FSB) Regional Consultative Group for Sub- Saharan Africa, Chairman, East African Securities Regulatory Authorities (EASRA), Chairman, Capital Markets Master Plan Implementation Committee and is a Member of the Securities Advisory Board, Toronto Centre for Leadership in Financial Supervision.
In his capacity as Chief Executive of the Capital Markets Authority, Muthaura also served as a board member of the Insurance Regulatory Authority, the Retirement Benefits Authority and the Vision 2030 Delivery Board.