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Britam extends CEO Wairegi tenure as its sought for replacement

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The chief executive officer Benson Wairegi has been extended beyond his retirement date of December 31, 2020 as the insurer seeks more time to recruit his replacement.

Mr Wairegi was to retire last month after working for the Nairobi Securities Exchange-listed firm for 40 years.

The CEO has successfully headed the expansion of assets in Britam to become a leading East Africa Insurer.

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Britam has its operations in seven countries –Kenya, Rwanda, South Sudan, Uganda, Malawi, Mozambique, Tanzania.

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The company offers life and general insurance besides running asset management, property investment and portfolio investments.

It was among the first insurer to offer the cyber security policies for organisations.

During its life as a publicly-traded company, Britam has grown shareholder wealth by 1.66 percent including dividends since September 2011 when it went public at an offer price of Sh9 per share.

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