CIC General Insurance Limited Managing Director Elijah Wachira is the new Group Chief Executive Officer of the Insurance Company.
This follows the exit of Mr. Tom Gitogo, who has been at the helm of the company since 2014.
Mr. Gitogo who has steered the company to stability opted for early retirement, effective 9th October 2019, before the expiry of his contract on 28th February 2020.
The insure who covers all the Savings and co-operative societies sector communicated the exit through a notice in a daily newspaper, sincerely thanking ‘Mr. Tom Gitogo for his leadership and contribution to CIC Group and Co-operative fraternity’
In July, it was reported that CIC group’s half year net profits dipped 96 percent to KSh20.9 million for the period ended 30th June.
The firms profit after tax for the six months declined from KSh537 million in 2018 to KSh20.9 million in 2019.
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