The Board of listed underwriter CIC Insurance Group has announced the appointment of Patrick Nyaga as Group Chief Executive. Nyaga joins the insurer from Cooperative Bank Group – one of the largest shareholders of CIC Group – where he served as Head of Finance and Strategy. “His track record as a champion for strategy, broad experience in operational efficiency, and diverse leadership experience will be of great benefit to CIC Insurance Group,” said Magomere. SEE ALSO: Pandemic financial survival guideNyaga is taking over from Tom Gitogo who exited last October. CIC Group is made up of three subsidiaries and an associate company including CIC Life Assurance, CIC General Insurance Limited, CIC Asset Management Limited, and Takaful Insurance of Africa Limited.

Source: Standard Digital June 08, 2020 12:36 UTC