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    Insurance Regulatory Authority

    A graphic representation of ICEA Lion operations across East Africa.

    US Insurance Giant to Exit ICEA Lion: What it Means for Uganda’s Insurance Market

    Jeff WintersThe Big StoryMarch 2, 2026March 3, 2026

    A major shift is underway in East Africa’s insurance sector after a US-based global financial services firm announced it will sell its entire 24.1% stake in ICEA Lion Insurance Holdings,…

    Elias Edu took charge of NIC Holdings amid fragile market share, capital constraints, and profit volatility, tasked with restoring growth, strengthening the balance sheet, and turning legacy into a lasting competitive advantage.

    Will Elias Edu Confront NIC Holdings’ Falling Market Share?

    Jeff WintersThe Big StoryFebruary 11, 2026February 12, 2026

    For much of Uganda’s post-independence history, NIC Holdings occupied a privileged position in the country’s insurance landscape. Established in 1964 as National Insurance Corporation, NIC was once the dominant underwriter…

    Uganda’s insurance industry in 2025: A year of growth, consolidation, and reckoning

    Paul MurungiBanking & Financial ServicesThe Big StoryDecember 30, 2025February 28, 2026

    There are years when an industry grows quietly, and then there are years when it changes character. For Uganda’s insurance industry, 2025 was unmistakably a change of character. Viewed from…

    Deepak Pandey is poised for a comeback as CEO of the reorganised Jubilee Life Insurance, with insiders citing his experience, institutional knowledge and regional leadership as key to guiding the insurer’s next phase.

    Deepak Pandey Set for Comeback as CEO of Reorganised Jubilee Life Insurance

    CEO East Africa MagazineThe Big StoryDecember 23, 2025December 23, 2025

    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…

    Outgoing CEO Latimer Mukasa (left) will hand over the reins at MUA Insurance to Nicholas Lutakome, a seasoned actuary and transformation-focused executive. The leadership transition marks the close of a steady-growth era under Mukasa and the start of a new chapter aimed at accelerated expansion, innovation, and deeper market inclusion under Lutakome.

    MUA Insurance Appoints CIC Uganda’s CEO Nicholas Lutakome as New Chief Executive Officer  

    CEO East Africa MagazineThe Big StoryDecember 23, 2025December 23, 2025

    MUA Insurance has appointed seasoned insurance executive Nicholas Lutakome as its new Chief Executive Officer, marking a leadership transition aimed at accelerating growth and deepening the company’s footprint in Uganda’s…

    A photo collage of Old Mutual managing director Stephen Chikovore and SanlamAllianz General Insurance chief executive officer Ruth Namuli. SanlamAllianz’s licensed merger has propelled it to Uganda’s second-largest general insurer, capturing 19.8% market share and closing within 1.4 points of Old Mutual in Q3 2025 after years of dominance.

    SanlamAllianz Officially Becomes Uganda’s Second-Largest General Insurer as Market Gap with Old Mutual Narrows Sharply

    Muhereza KyamuteteraThe Big StoryDecember 3, 2025December 3, 2025

    The newly merged SanlamAllianz Uganda has officially become the country’s second-largest general insurer. Market performance report for the 2025 third quarter by Insurance Regulatory Authority (IRA) shows that the merged…

    Jubilee Holdings Restructures Uganda Operations After IRA Approves Amalgamation of Health and Life Insurance Units

    Paul MurungiBanking & Financial ServicesThe Big StoryNovember 28, 2025November 28, 2025

    Jubilee Holdings Limited has announced a major restructuring of its Ugandan operations following the approval of the Insurance Regulatory Authority of Uganda (IRA) to amalgamate its two subsidiaries—Jubilee Health Insurance…

    Ambrose Kibuuka, CEO of ICEA Lion General, says Uganda’s insurance growth will come from disciplined underwriting, tech-driven innovation, and winning trust by bringing the uninsured majority, especially the informal sector, into coverage.

    ICEA’s Ambrose Kibuuka on insurance mergers, e-mobility risks, tech-driven innovations – dominance of general insurance and dealing with low uptake

    CEO East Africa MagazineThe Big StoryNovember 27, 2025November 27, 2025

    In Uganda’s fast-evolving insurance market, questions of trust, innovation, and growth remain central. The insurance industry has been expanding, attracting bigger regional players and new products, but challenges of low…

    Excel Insurance, Service Cops Launch WhatsApp-Based Digital Insurance Platform in Uganda

    Kisakye ImaniBanking & Financial ServicesNovember 14, 2025November 17, 2025

    Ugandans can now buy motor third-party insurance from the comfort of their homes, thanks to a new WhatsApp-based digital platform launched by Excel Insurance Company in partnership with Service Cops….

    IRA CEO Ibrahim Kaddunabbi Lubega says the rise in complaints tells a new story, not of failure, but of trust restored, voices amplified, and an industry finally listening.

    Trust is the Currency of Insurance: IRA CEO Ibrahim Kaddunabbi on Rising Complaints, Digital Transformation, and Consumer Empowerment

    CEO East Africa MagazineThe Big StoryOctober 27, 2025October 26, 2025

    Customer complaints in the insurance sector have more than doubled in just three years, from under 150 to over 350. But to Chief Executive Officer Ibrahim Kaddunabbi Lubega, this isn’t…

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    • A graphic representation of how MTN and Airtel's balance sheets look.
      MTN vs Airtel: Balance Sheet Strength Meets Earnings Momentum in the Race to Win the Telecom Market
      by Jeff Winters
      March 14, 2026
    • Pearl Bank Supports IUIU Students with Water Tanks and Food During Ramadan and Women’s Month
      by Paul Murungi
      March 14, 2026
    • Kenya’s financial markets remained stable as the shilling held firm, remittances rose, and equities gained, even as bond market activity slowed and global pressures from oil prices and geopolitics intensified.
      Kenya Shilling Holds Firm as Remittances Rise and Markets Show Mixed Signals – Central Bank Report
      by CEO East Africa Magazine
      March 14, 2026
    • After 29 Years in Court, Government Ordered to Pay UGX 512.9 Million in Kamuli Land Dispute
      by Paul Murungi
      March 13, 2026
    • Under Sylvia Mulinge’s leadership, MTN has strengthened its financial position, accelerated growth in data and fintech, and expanded network investment, positioning the telecom to capture Uganda’s fast-growing digital economy.
      Five Years of Ambition: MTN Caps Strategy Cycle With Strong Growth
      by Muhereza Kyamutetera
      March 13, 2026
    • Building Financial Resilience: How CFO Arnold Ainebyona Is Positioning SanlamAllianz Life for Growth and Capital Strength
      by Paul Murungi
      March 13, 2026
    • Saviour Chibiya, Regional Chief Executive, Absa Group, addresses staff during a town hall meeting with Absa Bank Uganda employees at the Kampala Sheraton Hotel this week. During his visit to Uganda, Chibiya emphasised Absa’s ambition to become the “bank of choice for economic development” across the markets where it operates.
      “We Want to Be the Bank of Choice for Economic Development”: Saviour Chibiya on Absa’s Strategic Bet on East Africa 
      by Muhereza Kyamutetera
      March 13, 2026
    • I&M Bank Katogo Golf Series Returns to Entebbe with Innovative Format and High-Stakes Rewards
      by Brian Emorut
      March 13, 2026
    • UK Scholarships Unit Head Visits Uganda to Strengthen Chevening and Commonwealth Education Partnerships
      by Brian Emorut
      March 13, 2026
    • Janet Navuuga says Uganda’s evolving governance landscape demands more than qualifications for board leadership. The Fit and Proper Test ensures that integrity, competence, and ethical reputation remain central to those entrusted with corporate oversight.
      Preparing for Board Leadership: Why the Fit and Proper Test Matters
      by CEO East Africa Magazine
      March 13, 2026

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      • 100 Leading & Admired CEOs
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