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Sanlam Allianz Holdings Kenya PLC said Group CEO Dr Nyamemba Patrick Tumbo will retire on Oct 31, 2026. Jacqueline Karasha takes over on Nov 1, 2026.
Sanlam Allianz Holdings (Kenya) PLC has announced a CEO transition.
Dr. Nyamemba Patrick Tumbo, EBS will retire as Group Chief Executive Officer effective 31st October 2026. Jacqueline Karasha has been appointed Chief Executive Officer effective 1st November 2026.
Sanlam Allianz Holdings (Kenya) PLC said its Board of Directors has accepted the retirement of Dr. Nyamemba Patrick Tumbo, EBS as Group CEO.
The company said Dr. Tumbo was appointed Group CEO on 6th August 2018 and has led the Group for more than eight years. It also said he has over 35 years of experience in insurance and sits on the Leadership Council of SanlamAllianz Africa.
The public announcement also lists Dr. Tumbo’s roles outside the company, including being a past chair of the Organisation of Eastern and Southern Africa Insurers (OESAI). It adds that he is Chairman and Trustee of the Insurance Training and Education Trust of Kenya (College of Insurance), and has served as past Chairman of the Association of Kenya Insurers.
Sanlam Allianz Holdings (Kenya) PLC also announced the appointment of Jacqueline Karasha as CEO. It said she is currently the Chief Executive Officer and Principal Officer of Sanlam Allianz Life Insurance (Kenya) Limited.
The company described Karasha as an insurance executive with more than 17 years of experience across leadership, sales and operations in life insurance. It said she has led a turnaround of all distribution channels, driven digital enablement, and built strategic partnerships.
Leadership changes at a listed holding company can affect priorities across products, distribution, and partnerships.
Sanlam Allianz Holdings (Kenya) PLC is moving from a long serving Group CEO to a leader coming from within its life insurance business, with an emphasis on distribution, digital enablement, and partnerships.
Primary Source: ke.sanlamallianz.com
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