On behalf of the Jubilee Holdings Limited Chairman Mr. Nizar Juma today announced the appointment
of Dietmar Raich as the Group CEO effective January 2016.
“We are delighted that following an exhaustive selection process, the Board of Directors has announced
the appointment of Dietmar to lead Jubilee Holdings as its Group Chief Executive Officer,” said Nizar
Juma, Chairman of the Board of Directors. “Dietmar has a thorough understanding of Insurance, in
addition to finance and management of large organizations. I have no doubt that he is the right person
to take the helm at JHL as JHL enters its 79th year in operations in East Africa.
Prior to this appointment, Mr. Raich had served at the company most recently as Regional CEO for the
Life Business, where he oversaw all aspects of the leadership, strategic direction and business results of
the Jubilee Insurance Life business.
“I am honored that the JHL Board of Directors chose me,” said Dietmar Raich. The Company has a long
and rich history in this industry and I see enormous potential going forward. We have a great team and
opportunity, and I look forward to being part of that success. I am also thrilled that I will have the ability
to rely on Mr. Juma’s counsel as he is an exceptional chairman and role model,” he added.
Mr. Raich has over 34 years of insurance industry and management experience. Previously, he served as
Head of Global Life & Health - Strategy and Development at Allianz in Munich, General Manager & Chief
Financial Officer at Allianz Middle East & South Asia, Bahrain, Head of Life Strategy & Development at
Allianz in Munich, Deputy CEO at Allianz Life Korea, Seoul, Regional General Manager Life & Health
(parallel to ID Life-function) at Allianz Asia Pacific, Singapore; and in various capacities at Allianz
Lebensversicherungs-AG, Stuttgart where he rose to the position of Senior Actuarial Manager,
International Department Life. Allianz is one of the largest insurance companies globally.
He is a certified Business Coach, holds a degree in Economics from the University of Stuttgart and a
diploma in Business Administration from the same University. He also served in the Military.
About Jubilee Insurance
Jubilee Insurance was established in August 1937, as the first locally incorporated Insurance Company
based in Mombasa in 1937. Jubilee Insurance has spread its sphere of influence throughout the region
to become the largest Composite insurer in East Africa, handling both long-term and short-term
insurance. Today, Jubilee is the number one insurer in East Africa with over 450,000 clients.
Jubilee Insurance is also the largest provider of medical insurance across East Africa that includes many
of the region’s blue chip companies. Jubilee Insurance has a network of offices spanning Kenya, Uganda,
Tanzania, Burundi and Mauritius. It is the only ISO certified insurance group listed on the three East
Africa stock exchanges – The Nairobi Securities Exchange (NSE), Dar es Salaam Stock Exchange and
Uganda Securities Exchange. Its regional offices are highly rated on leadership, quality and risk
management and have been awarded an AA- in Kenya and Uganda, and an A+ in Tanzania.
For further press information, please contact the undersigned:
Victoria Miguda on
DL: +254 (020) 3281457 Cell: +254 702 957916