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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 increasingly competitive insurance market. Lutakome, who is currently the Chief Executive Officer of CIC General Insurance, will take over from Latimer Mukasa, who is set to retire on December 31, 2025, after more than eight years at MUA. Lutakome is expected to assume office on January 2, 2026. A trained actuary and transformation-focused leader, Lutakome brings over 18 years’ experience spanning life, non-life, and medical insurance, with deep exposure in…
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Sanlam Uganda, one of the leading insurance providers in Uganda, is rebooting its business to become a purpose-led organization, focused on giving millions of Africans the chance to live with financial confidence. In the next two to three years, the continent’s largest non-banking finance group plans to catalyze this purpose through an expanded product offering, data and digital transformation, empowerment, building a future-fit culture, innovation and partnerships. While Sanlam has been on a journey to place purpose at the heart of everything it does, the advent of COVID-19 solidified the urgent need for the corporate sector to play a more…
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Sanlam Life Uganda, the life insurance arm of insurance giants, Sanlam, has announced a 375 percent growth in its operating profit for the fifth straight year. In results published last week, Sanlam Life reported, that its profit after tax for 2019 grew from UGX881 million in 2018 to UGX3.31 Billion, on the back of a 133 percent growth in net assets from UGX10.2 billion in 2018 to UGX13.5 billion. Sanlam also registered a 13.2 percent growth in gross underwritten premiums from UGX35.2 billion to UGX39.8 billion in the same period. The insurance company, which came to the Ugandan market only…
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Kampala, 14 April 2020 – Insurance and financial services provider, Sanlam Uganda, has donated UGX285 million (US$75,000) to the Government of Uganda’s National Response Fund for COVID-19. The fund was set up to help combat the global pandemic and its effects on the country. Sanlam Uganda is an umbrella brand that comprises Sanlam General Insurance Uganda, Sanlam Life Insurance Uganda and Sanlam Investments East Africa Ltd. The financial contribution, which was donated by the three companies as part of their Corporate Social Investment (CSI) programme, will go towards the purchase of protective wear for frontline health workers, including face masks,…
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