The Board of Directors of Kenya Reinsurance Corporation Limited (Kenya Re) has lifted the suspension of Dr. Hillary M. Wachinga and reinstated him as the Managing Director of the corporation, effective 6th November 2025.
In a statement released by the company, Kenya Re announced that the decision was made in accordance with the Capital Markets Act and its regulations, signalling a shift in the corporation’s executive leadership.
“The Board has lifted the suspension of Dr. Hillary M. Wachinga and restored him to his position as the Managing Director of the Corporation,” the notice read in part.
The company further reaffirmed its commitment to upholding the highest standards of corporate governance and safeguarding the interests of its shareholders and stakeholders.
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“The Board of Directors reaffirms its unwavering commitment to the highest standards of corporate governance and to protecting the interests of all its shareholders and stakeholders,” the statement added.
Kenya Re assured the public and investors that its operations remain stable and its long-term strategic objectives continue uninterrupted.
“We remain focused on executing our long-term strategy and assure our stakeholders that our foundations remain strong and our business operations continue uninterrupted,” the board stated.
The announcement was signed by Charles N. Kariuki, the Company Secretary, on behalf of the Board of Directors.
Dr. Wachinga’s reinstatement marks a key moment for the reinsurer, which has been keen on maintaining stability and investor confidence amid leadership transitions.
