Deepak Pandey is poised to make a return to the top of Uganda’s insurance industry after being lined up as Chief Executive Officer of the reorganised Jubilee Life Insurance, according to sources familiar with the matter.
The development follows the recent restructuring of Jubilee’s life and health insurance operations in Uganda, which saw the consolidation of the businesses into a single entity aimed at improving operational efficiency, governance, and market competitiveness.
People with knowledge of the discussions say the reorganisation created room for a leadership reset at the life insurance unit.
Sources say Pandey’s comeback reflects renewed confidence by the board in his track record, institutional knowledge and regional leadership experience, particularly at a time when Jubilee is sharpening its focus on sustainable growth and profitability across East Africa.
It also illustrates the board believes Deepak understands the Jubilee culture and the complexities of the regional insurance market, especially during periods of transition.
Insurance Regulatory Authority had not responded to our inquiries on the matter by the time of publishing this, on whether Jubilee had already forwarded Pandey credentials for approval.
Pandey previously served in senior leadership roles within the Jubilee Insurance Group, including a stint as CEO of Jubilee Allianz General Insurance Uganda, where he was credited with strengthening underwriting discipline and improving operational controls.
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His departure from the Ugandan unit in 2022 was widely viewed as part of a broader strategic realignment rather than a performance-related exit.
Insiders say the decision to bring him back was informed by the need for a steady hand as Jubilee integrates its life and health portfolios and aligns them with group-wide strategic priorities.
The restructured entity is expected to place stronger emphasis on digital distribution, product innovation, and tighter risk management.
Another source noted that Pandey’s return seeks to eliminate disruption under the merged entity.
While Jubilee Holdings has yet to make a formal public announcement, multiple sources indicate that the appointment process is in an advanced stage, with an official communication expected once final regulatory and board procedures are concluded.
If confirmed, Pandey’s return would mark a significant chapter in Jubilee Life Insurance’s evolution, reinforcing the group’s preference for experienced internal leadership as it navigates a more competitive and tightly regulated insurance landscape in the region.
