Dietmar Raich.
Ex-military man Dietmar Raich was Friday appointed as Jubilee
Holdings Limited Group chief executive to oversee operations in five
African countries.
The publicly listed company’s Board
Chairman Mr Nizar Juma said Mr Raich was chosen due to his thorough
understanding of insurance, in addition to finance and management of
large organizations.
“I have no doubt that he is the
right person to take the helm at JHL as JHL enters its 79th year in
operations in Kenya, Uganda, Tanzania, Burundi and Mauritius,’ he said.
Prior
to this appointment, Mr Raich served as the company’s regional CEO for
the Life Business, where he provided strategic direction and business
results for Jubilee Insurance’s Life business.
Mr Raich expressed gratitude saying he saw enormous potential in Jubilee growing its insurance business across its markets.
The
new Group CEO has over 34 years of insurance industry and management
experience having worked previously as Head of Global Life & Health -
Strategy and Development at Allianz in Munich, Germany before being
posted to Bahrain as the General Manager & Chief Financial Officer
at Allianz Middle East & South Asia.
Mr Raich who
served in the military is a certified Business Coach holding an
Economics degree from the University of Stuttgart and a diploma in
Business Administration from the same University. He replaces the Mr
Patrick Tumbo from the top position
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