Zimbabwean takes over Britam, Wairegi retires after 40 years

Insurance sector giant Britam Holdings has appointed Tavaziva Madzinga, to replace retiring Benson Wairegi, as the new Chief Executive Officer. – By Gerald Gekara and agencies.

Mr Madzinga is an actuarial scientist who’s portfolio included Chief executive service at  Old Mutual’s operation in Kenya, where he developed Old Mutual’s strategy in Southern and East Africa as well as helping to transform Swiss Re’s insurance and savings business in the UK and Ireland.

“The board is confident that the company will benefit immensely from Mr Madzinga’s skills, knowledge and vast experience,” Britam’s chairman, Andrew Hollas, said in a statement.

The appointment ends a two year search to replace Wairegi, who was set to retire in 2020.

Britam said Mr Wairegi will continue to serve the company in “different capacities”, hinting at possible advisory roles for the long-serving boss.

Mr. Madzinga has extensive experience in multiple insurance markets and will be handy in scaling up Britam’s extensive operations.

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