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Indian insurance broker taps ex-UAP chief for top job

JB Boda Insurance is eyeing  expansion in the
JB Boda Insurance is eyeing  expansion in the African agriculture market. FILE PHOTO | NMG 

Indian insurance broker JB Boda Insurance and Reinsurance Brokers has tapped former UAP executive James Kiguru for its Nairobi office, as it eyes further expansion in the African agriculture market.

The Mumbai-based firm said Mr Kiguru will work to "drive the broker's agriculture Pan-African strategy".

JB Boda currently has other four executives working at the Nairobi office in general and life business as well as a team of agribusiness underwriters that operate from the head office in Mumbai.

The firm said it is looking to explore new agriculture re-insurance opportunities across the continent by building capacity across the value chain.

JB Boda has been active in the African markets since the 1990s and has a Sub-Sahara region liaison office based in Nairobi Kenya.

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Instabilities

The firm earlier said it sees a chance for more aggressive re-insurers to take advantage of instabilities in the global market after the Covid- 19 pandemic.

Mr Kiguru joins the company from UAP Old Mutual group where he was the manager in charge of agriculture insurance for Kenya, Tanzania, Uganda, South Sudan and Rwanda.

He took up the current role in 2015, prior to which he worked with AON Kenya Insurance Brokers as the account manager in charge of Agriculture where he set up the crop and livestock specific section of agriculture, said JB Boda.

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