Kenya Reinsurance Corporation Limited has reinstated Hillary Wachinga as its Managing Director.
The company announced on November 6, 2025, that the Board of Directors lifted its suspension, restoring him to his executive position.
“The Board has lifted the suspension of Dr. Hillary M. Wachinga and restored him to his position as the Managing Director of the Corporation with effect from 6th November 2025,” read part of the announcement.
The Board reaffirmed its commitment to upholding the highest standards of corporate governance and protecting the interests of all shareholders and stakeholders.
It noted that the company’s long-term strategy remains on course and that business operations continue without disruption.
The Corporation also expressed gratitude to stakeholders for their continued trust and support during the period of leadership uncertainty.
Kenya Re Suspends Hillary Wachinga
In September, Wachinga had been suspended for 21 days as the Board reviewed what it described as “internal matters.”
At the time, Kenya Re stated that the suspension was necessary to allow for a thorough and impartial assessment of preliminary concerns.
In a press release, Company Secretary Charles Kariuki stated that the suspension is a precautionary measure while investigators investigate the matters at hand.
This move follows a series of allegations against Wachinga, which have been documented in a confidential complaint submitted to multiple oversight bodies, including the Commission on Administrative Justice (CAJ), Ethics and Anti-Corruption Commission (EACC), and the Public Procurement Regulatory Authority (PPRA).
Also Read: Hillary Wachinga Suspended as Kenya Re Managing Director
His Education and Career Background
Wachinga is a career risk-management specialist with more than 17 years of experience across Africa, the Middle East, and Asia.
He holds a doctorate in business administration from the University of Nairobi and multiple professional certifications, having previously led Kenya Re’s Risk and Compliance division.
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Hillary Wachinga worked as a Board Member at Kenya Re and ZEP RE from April 2023 to present, overseeing subsidiaries and representing Kenya Re’s shareholding in ZEP Re.
From March 2023 to present, he has served as Group Managing Director at Kenya Re, leading strategy, risk, and committees, improving debt collections, and automating processes.
Additionally, from March 2020 to present, he worked as the Group Head of Risk & Compliance, implementing ERM and compliance frameworks.
He worked as Group Head of Internal Audit from April 2018 to March 2020, leading audits, introducing data analytics, and recovering assets.
From August 2012 to 2018, he served as Head of Risk & Compliance, developing risk strategies and enhancing risk maturity.
He also worked as Group Internal Audit Manager at Madison Group from 2010 to 2012, Audit, Risk & Compliance Manager at Sidian Bank in 2006.
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