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Our History

East Africa Reinsurance Company Limited (EARe) is a leading regional reinsurer headquartered in Nairobi, Kenya.Our story began over 25 years ago when we became the first privately owned reinsurer established in Kenya, thanks to a joint initiative involving leading insurance companies in Kenya and the International Finance Corporation (IFC), the private sector arm of the World Bank Group. EARe is a Company that combines a deep understanding of the local business environment with an international character.

Vision

To be the risk partner of choice in our markets.

Mission

To provide quality risk solutions, excellent service, and enhanced value to all stakeholders.

Values

Integrity, Commitment, Partnership, Excellence, Professionalism, and Innovation.

Corporate Governance

The Board of Directors and Management of East Africa Reinsurance Company Limited (the “Company”) are committed to upholding the highest standards of Corporate Governance that are aligned with best practices and comply with applicable laws and regulations. The Board is guided by a charter that spells out its roles, responsibilities and mandate in setting the direction, management and control of the Company. Good corporate governance practices enhances the Company’s performance and sustainability which in turn fosters the confidence of all its stakeholders.
Elegant EARe Boardroom

Board Members

A.K. Wainaina Director Board of members, EARe
Chairman

A.K. Wainaina

Tony Wainaina (Chairman) served as the inaugural Chief Executive Officer of TransCentury Limited, a Pan-African Investment Company in Nairobi, Kenya. Tasked with developing the management team and establishing operations, Tony led in structuring, negotiating, and acquiring numerous private equity investments across East, Central, and South Africa.

As the CEO of ICDC Investment Co. Ltd (now Centum), he spearheaded the privatization of the company's management structure after 32 years under the parent state corporation. Tony built the management team and established operations and systems from inception, managing an equity portfolio of over 40 companies. His responsibilities included originating and executing Private Equity Investments and representing ICDCI on portfolio company boards.

Tony's prior roles include being a management consultant at PwC in the economics division and Vice-President Regional Corporate Finance at Citibank Kenya. He holds an MBA in Finance and Marketing from Georgetown University and a BSc in Agricultural Economics from Wye College (now merged with Imperial College).

Director

J.P.M. Ndegwa

James is the Chairman of First Chartered Securities Group, a private investment holding group with interests infinancial services, logistics, property and agriculture among others. James holds a MA (Hons) degree from Oxford University, U.K.

James has over 30 years experience in the insurance sector starting out at Hogg Robinson Insurance Brokers in 1986 where he rose through the ranks to become a Senior Manager.

In 1993, he joined Lion of Kenya Insurance Company as the Technical Manager, rising to Assistant General Manager, Deputy Managing Director and finally as the Managing Director from 1997 to 2003. He joined the Boards of First Chartered Securities, Insurance Company of East Africa and Lion of Kenya in 1996. In 2003,

He was appointed Chairman of First Chartered Securities. James is also the Chairman of the ICEA LION Group, NCBA Bank Group and Mitchell Cotts Kenya Group. In 2015 he was appointed Chairman of the Board of the Capital Markets Authority.

P.K. Mugambi Director Board Member EARe
Director

P.K. Mugambi

Patrick is the Planning & Projects Director of First Chartered Securities Ltd, a private investment holding Company with interests in financial services, logistics, real estate, manufacturing and agriculture.

Patrick holds a BSC in Business Administration from USIU and is a Certified Public Accountant and alumnae of IESE Business School. He is also a Member of the Institute of Certified Public Accountants of Kenya (ICPAK) and a Member of the Overseas Technical Scholarship (AOTS) Japan.

He previously worked for PricewaterhouseCoopers and Shell Exploration and Production Kenya BV between 1988 and 1992. Prior to his present position, he was the Executive Director and Chief Operating Officer of Mitchell Cotts Kenya Group until January 2006. Patrick is also a Non–Executive Director of Mitchell Cotts Group Limited and a director of several other companies.

S.N. Adamali Director, Board Member EARe
Director

S.N. Adamali

Ms. Shaira Najmudin Adamali joined the Board as an independent director with effect from 19th May 2016. She brings with her a wealth of experience and expertise having worked for PwC Kenya and Tanzania for over 30 years serving as Tax Partner for many years. She is the FoundingTrustee at Faraja Cancer Support Trust
J.K. Kimeu Director Board Member EARe
Director

J.K. Kimeu

John, a Non-Executive Director at ICEA LION General Insurance, is a Certified Public Accountant (CPA-K) with a robust career. Commencing at Food Specialities (K) Ltd (now Nestle Ltd) in 1970, he progressed to Firestone East African as a Cost and Factory Accountant until 1977. Joining Lion of Kenya Insurance Company Ltd in 1977, he climbed the ranks, becoming Managing Director in 2003 until his retirement in 2013 from the merged entity, ICEA LION General Insurance.

During his tenure, John oversaw the establishment and operations of Lion of Tanzania (now ICEA LION General Insurance Tanzania). His contributions extended to serving as a Member and Chairman of the Finance and Secretariat Affairs Committee of the Association of Kenya Insurers. With expertise spanning finance and administration, John's dedicated leadership left a lasting impact on the insurance sector.

D.G.M. Hutchison Director Board member EARe
Director

D.G.M. Hutchison

David is the current Chairman, The Banda Group Education and Property Groups.

David is a Fellow of the Institute of Chartered Accountants in England and Wales (FCA), a member of the Institute of Certified Public Accountants of Kenya (ICPAK) and a member of the Institute of Certified Public Secretaries of Kenya (ICPSK).

He has over 40 years professional experience and has been involved in the audits of banks and financial institutions, manufacturing companies, hotels and tourism, aviation companies, agricultural and insurance companies. He has several years’ experience in General Practice, Taxation and Consultancy, IT and others. He was a Partner at Ernst & Young, East Africa, from 1970 until June 2006. He was Chairman in 1988 and Senior Partner in 2002. He was a member of the Panel of Experts of the UN appointed Mediator of the East African Community involved in the evaluation of assets and distribution of liabilities for Kenya, Uganda and Tanzania.

He is the Chairman, Non-Executive Chairman and Non-Executive Director of numerous organisations spanning advertising & communications, manufacturing, education, properties and real estate, banking, insurance and reinsurance sectors.

K.M. Ontiti Company Secretary, Board member EARe
Company Secretary

K.M. Ontiti

Kennedy, the Group Company Secretary for First Chartered Securities Group, ICEA LION Group, and Mitchell Cotts Group, holds an LL.M. in International Trade and Investment Law and is a Certified Public Secretary of Kenya (CS-K). Serving as a Council Member and Chairman of the Audit, Governance, and Risk Management Council Committee at Chuka University, he is a versatile legal professional.

Kennedy is an Advocate, Commissioner for Oaths & Notary Public, and a member of the Law Society of Kenya (LSK). Additionally, he is associated with the East Africa Law Society (EALS), Institute of Certified Public Secretaries of Kenya (ICPSK), and Chartered Institute of Arbitrators (ACIArb). With previous roles at Oil Libya Kenya Limited and legal practice at Ochieng’, Onyango, Kibet & Ohaga Advocates, Kennedy's achievements include winning theCompany Secretary of the Year Award at the ICS Kenya’s Champion of Governance (COG) Awards in 2015 and 2016, securing second and first runner-up positions in 2017 and 2018, and receiving a Commendation for Outstanding Contribution in the same years from the ICS.

Management Team

P. Maina
Chief Executive Officer

P. Maina

Mr. Peter Maina has over 25 years of expertise in reinsurance management. Since joining East Africa Re in 2012, his leadership has been evidenced with strategic and consistent company growth while maximizing shareholder value.

Before EARe, he served as a Senior Program Manager at the International Finance Corporation (IFC), based in Johannesburg, South Africa. Mr. Maina's leadership journey in reinsurance began as an Engineering Underwriter at Munich Reinsurance, in the Nairobi office that was responsible for the East Africa region.He then joined Swiss Re Africa Limited, where he held various roles, including Regional Manager for Nairobi office and Client Manager for several African countries while based in Johannesburg, South Africa. In 2007, he became the Business Partner/Director in the Swiss Re Consultancy unit based in the Head Office, Zurich, Switzerland.

Educationally, Mr. Maina hols a Masters of Science from the University of London, a Master of Business Administration and Bachelor of Science in Civil Engineering from the University of Nairobi. He is a member of the Fellow of Chartered Certified Accountants (FCCA) and serves as an Executive Committee Member of the Africa Insurance Organization (AIO).

P. Mumbe Chief financial officer EARe
Chief Finance Officer

P. Mumbe

Purity S. Mumbe is the Chief Finance Officer. She is an experienced strategy, finance and risk management professional.

Prior to joining EARe in April 2020, Purity was a Senior Manager at PricewaterhouseCoopers (PwC) Kenya. She worked with PwC for more than nine (9) years in Kenya, South Africa, the United States of America (USA), and the United Kingdom (UK), gaining extensive experience and sound knowledge of the re(insurance) and financial services sectors.

She holds a Master's Degree in Business Administration (MBA) from the Warwick Business School, University of Warwick and a Bachelor of Commerce degree (Finance Option) from the University of Nairobi. She is a Certified Public Accountant (CPA) and a member of the Institute of Certified Public Accountants of Kenya (ICPAK).

C. Ogaye Head Of Technical Business
Head Of Technical Business

C. Ogaye

Mr. Calisto Ogaye possesses a wealth of expertise accumulated over 25 years in the field of reinsurance management, encompassing both life and non-life insurance. His impressive track record includes a string of achievements in client management, the optimization of technical operations, business development initiatives spanning across Africa, and the establishment of new subsidiaries.

Calisto joined East Africa Re in October 2018. Prior to his tenure with East Africa Re, he assumed the role of CEO at Old Mutual Insurance Company in Rwanda. In the earlier stages of his career, from 2009 to 2013, he held the position of Managing Director at Continental Re's Nairobi office.

He holds a Bachelor's Degree in Education, specializing in Economics and Business Studies.Additionally, he is an associate member of the Chartered Insurance Institute (ACII) and an affiliate of the Insurance Institute of Kenya (IIK). Calisto is an alumnus of IESE Business School in Madrid, Spain, and Cranfield School of Management in the United Kingdom.

B. Chirchir Information Technology Manager at EARe
IT Manager

B. Chirchir

Benard is a highly skilled IT professional with a remarkable track record spanning over 18 years in the fields of reinsurance systems, information security and risk management. Over the course of his career, he has diligently cultivated his expertise, cementing his status as a seasoned expert in these specialized domains. He became part of the Company in 2005.

Benard holds both a Masters of Science and a Bachelor of Science degree in Information Technology Management. In addition, he is a Certified Information Security Manager (CISM), Certified in Risk and Information Systems Control (CRISC) and a Microsoft Certified Technology Specialist(MCTS). He is also an active member of ISACA.

B. Njoroge - Human Resource and Administration Manager at EARe
HR & Admin Manager

B. Njoroge

Beatrice Njoroge has over 15 years of experience in Human Resource Management. She's spent years refining her skills and is now an experienced expert in managing people. Her goal is to create workplaces where people love what they do and are willingly go the extra mile, promoting a deep sense of job satisfaction.

Beatrice joined East Africa Re in November 2022. Prior to her tenure with East Africa Re, she served as a Human Resource Business Partner at Jubilee Health Insurance. In the foundational years of her professional development, Beatrice held diverse roles within the Human Resources department at Barclays Bank Kenya (now ABSA Bank).

She holds a Master's in Business Administration and a Bachelor of Arts with a double major in Economics and Sociology from the University of Nairobi. She is a certified Human Resource professional and a practicing member of the Institute of Human Resource Management. Her goal is to use her expertise to drive organizational success through effective people strategies and leadership.

D. Kaniaru Risk consultant EARe
Risk Consultant

D. Kaniaru

David serves as a risk management consultant with the primary responsibility of developing and implementing an effective enterprise risk management framework with the aim of enhancing the Company’s internal control environment.

David joined East Africa Re in 2018 with over 15 years’ experience in a wide range of disciplines such as accounting, assurance, risk management, insurance supervision and policy development. David has provided risk management consultancy services since 2014. Prior to this, David was an Assistant Director at the Bermuda Monetary Authority (BMA) within the Insurance Supervision Department having joined the Authority in 2007. Prior to joining the BMA, David worked for Ernst and Young Bermuda and KPMG Kenya in their respective assurance departments, gaining valuable experience in auditing and financial reporting.

David is a Certified Public Accountant and a member of the Institute of Certified Public Accountant of Kenya (ICPAK), holds a Bachelor of Commerce (finance) degree from the University of Nairobi and an Associated in Risk Management from the Insurance Institute of America.

Our Team

Aligned with our company’s vision, we are driven by the desire to make a significant impact in the reinsurance industry. We proactively seek to add value to our clients by being responsive, agile, and flexible. More than a team, we are a family, united in our mission to offer the best solutions and drive innovation as we collectively shape the future of our company.
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Colleagues putting hands together in unity

Awards and Recognition

Champions of Governance Award logo - EARe award

Champions of Governance Award

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2012 – 1ST POSITION INSURANCE CATEGORY
2013 – 1ST POSITION INSURANCE CATEGORY
2014 – 1ST POSITION INSURANCE CATEGORY

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FiRe logo

Financial Reporting Award

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2001 – 1ST POSITION NON QOUTED COMPANIES
2002 – 1ST POSITION INSURANCE CATEGORY
2003 – 4TH POSITION INSURANCE CATEGORY
2004 – 2ND RUNNERS UP INSURANCE CATEGORY
2005 – 1ST RUNNER UP INSURANCE CATEGORY
2006 – 1ST POSITION INSURANCE CATEGORY
2007 – FIRST RUNNER UP INSURANCE CATEGORY
2011 – SECOND RUNNERS UP INSURANCE INDUSRTY
2012- 1ST RUNNERS UP INSURANCE CATEGORY

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