Kenya Reinsurance Corporation Limited has elected prominent lawyer Erick Gumbo as the new Chairman of its Board of Directors.
The company announced on June 24, Gumbo’s appointment took effect on June 23, 2025, following a vote by the board in line with the Corporation’s Memorandum and Articles of Association.
A seasoned Advocate of the High Court of Kenya, Gumbo currently serves as the Managing Partner at G&A Advocates LLP.
Eric Gumbo represented Members of Parliament in the former Deputy President Rigathi Gachagua’s case during the impeachment proceedings against him.
Gachagua became the first deputy president to be removed from office through impeachment since the process was introduced in Kenya’s 2010 constitution.
With over two decades of legal experience, he has built a reputation for successfully handling high-profile public interest litigation and advising top-tier clients in both the public and private sectors across the region.
Career of Erick Gumbo
He holds a Bachelor of Laws degree and has pursued advanced studies in Fintech Law and Policy at Duke University, Financial Markets at Yale University, Advanced Legal Drafting at the International Law Institute (ILI), and Privacy Law and Data Protection at the University of Pennsylvania.
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He is also a member of the Chartered Institute of Arbitrators.
“The Corporation will continue providing sustainable risk and financial solutions to ensure seamless stability to its clients while also growing its shareholders’ value,” said Charles N. Kariuki, Company Secretary of Kenya Re.
He has also served as an independent non-executive director at Kenya Reinsurance Corp. Ltd. since July 3, 2019, where he is also the board chair.
Gumbo is a member of the Chartered Institute of Arbitrators and is affiliated with Gumbo & Associates. He is a graduate of Moi University.
About Kenya Reinsurance Corporation
Kenya Reinsurance Corporation Limited, commonly known as Kenya Re, is the oldest reinsurer in Eastern and Central Africa, established by an Act of Parliament in December 1970 and commencing operations in January 1971.
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Headquartered in Nairobi and listed on the Nairobi Securities Exchange (symbol KNRE), the company offers a full range of reinsurance services, including life, motor, marine, aviation, fire and accident.
It serves more than 900 insurers across over 90 countries in Africa, the Middle East and Asia
In the first half of 2024, Kenya Re posted after-tax profits of KSh 1.06 billion, driven by a 20 per cent increase in insurance revenue to KSh 10.3 billion and a technical profit turnaround to KSh 606.7 million
The insurer’s combined ratio improved to 94 per cent, supported by robust investment income rising 24 per cent to KSh 2.7 billion.
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