, NAIROBI, Kenya, Feb 16 – CIC Insurance Group has appointed Tom Gitogo the Group CEO following the impending retirement of Nelson Kuria at the end of this month.
Gitogo, 46, joined the company in November 2014 and has been the Deputy Group CEO.
“I would celebrate with you in seeing Gitogo do a lot better than I have and this will in any case carry on the legacy that I leave behind,” Kuria said welcoming him to the new role.
“I am also confident that the capacity of CIC Insurance Group will grow tenfold and Gitogo will contribute to progressive change within the company and the industry as a whole.”
The incoming Group CEO says his focus will be in growing the Sacco market and investing more in the micro-insurance industry.
“I am excited to be part of this family and promise to steer the company to greater heights. We shall continue to make a mark in this market as we have always done,” Gitogo noted.
Some of Kuria’s notable achievements include growing CIC Insurance from an annual premium income of Sh198million to over 12billion last year.
The various expansion projects, both regional and local, that have seen the group open its South Sudan office, expand into the Malawi and Uganda market and open several local branches, are all attributed to his tenure.
The group comprises three subsidiaries and an associate company namely CIC Life Assurance, CIC General Insurance Limited, CIC Asset Management Limited and Takaful Insurance of Africa Limited, respectively.
The company was listed at the Nairobi Securities Exchange (NSE) in 2012 and has 18 branches and a network of over 1,000 agents spread across the country.