advertisement

Companies

Jubilee Insurance bets on Julius Kipng’etich to grow business

Uchumi Supermarkets CEO Julius Kipng'etich resigned effective November 30, 2017. FILE PHOTO | NMG
Uchumi Supermarkets CEO Julius Kipng'etich resigned effective November 30, 2017. FILE PHOTO | NMG 

Jubilee Holdings #icker:JUB has placed a bet on former Uchumi Supermarkets chief executive Julius Kipng’etich to grow its insurance business and outpace competitors in the highly competitive market.

The Jubilee group announced on Wednesday the appointment of Mr Kipng’etich as its new CEO overseeing its business in five regional markets.

Jubilee chairman Nizar Juma said Mr Kipng’etich will be expected to help the business develop innovative products that will reduce cost of insurance and grow its customer base.

Mr Kipng’etich, who resigned from Uchumi Supermarkets #ticker:UCHM early last month, is also expected to reengineer Jubilee’s systems to, among other things, curb fraud, as well as improve the internal culture.

advertisement