AAR Insurance has announced the appointment of their new Group Chief Executive Officer for East Africa, Ms. Caroline Munene.
Ms. Munene will take the lead with the responsibility of driving AAR Insurance’s operations throughout Kenya, Uganda and Tanzania as well as ensuring the growth of the company as a whole.
Her main role as she takes up her new appointment will be to provide leadership and harmonization of the business operations within the various strategic business units in Kenya, Tanzania and Uganda.
“Caroline Munene’s appointment as Group CEO reflects the board’s strong confidence in her abilities. We believe she has the necessary skills, experience and resolve to not only manage AAR Insurance’s regional business interests, but also drive innovation and growth at a group level,” said AAR Insurance Board Chairman Mr. Kiprono Kittony.
Prior to taking up her new position, Ms. Munene served as the Managing Director for AAR Insurance Kenya. She joined the company in 2013, and has been instrumental in driving its growth.
“With over 20 years’ experience in the Insurance industry, Ms. Munene is suited to the task at hand. She continues to be an asset to the management team. Her vast experience in business strategy formulation and implementation as well as developing initiatives to enhance profitability will be invaluable as she steers AAR insurance Group to the next level,” added Mr. Kittony.
She has served in various leadership positions for the last 20 years within the insurance industry. She holds a Masters Business Administration (MBA), Bachelor of Commerce (Marketing) and professional Diploma from Chartered Insurance Institute (London).
Commenting on her appointment, Ms. Munene had this to say: “I am excited to be taking on this new role; it presents a good opportunity for me to continue contributing to the growth of the region’s insurance industry.”
Ms. Munene has had an immense impact on Kenya’s insurance sector, contributing meaningfully to growth and innovation through membership and active participation in key industry bodies such as the Association of Kenya Insurers, where she is a board member.