, Health Insurance provider AAR has appointed Geoffrey Nzau as the new CEO to replace Jagi Gakunju who is retiring after 14 years at the helm. Mr. Nzau will be charged with overall leadership of the AAR Insurance Holdings Limited which has operations in Kenya, Uganda, Tanzania and Zambia.
Nzau comes in with vast experience gained mainly from the South African insurance market, as well as the financial and actuarial industry. He has worked in several international companies as an actuary. In 1992 he qualified as a Fellow of Institute of Actuaries (FIA) making him the first East African to qualify as an actuary. He is also a fellow of the Actuarial Society of South Africa (FASSA), and a fellow member of The Actuarial Society of Kenya (TASK).
The outgoing CEO has had an illustrious 22 years at AAR starting as Sales and Marketing Manager moving through the ranks in various senior management positions.
He joined the AAR Board as Commercial Director in 1995 and in 1999, he was appointed the Deputy CEO responsible for Uganda and Tanzania and appointed the Group CEO in October 2003. In the year 2000, he moved to Tanzania as the Country Director.
He was responsible for the restructuring and realigning of the company in 2004 – 2006, bringing in PVI as a key investor then, and in 2010 spearheaded the bringing on board of IFHA (Investment Fund for Health in Africa) who bought a 20% stake in the company.
Mr. Mark Achola continues to head the Healthcare delivery business as the Managing Director, AAR Healthcare Holdings Limited.