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The Board of Directors, of Sanlam General Insurance, has elevated Ruth Namuli, to become the insurer’s Chief Executive for Uganda. The appointment took effect in June 2022. Ruth, who has spent 7 years with Sanlam, has previously been the company’s General Manager, since February 2016. She replaces Gary V. Corbit who has been appointed the Chief Officer of Sanlam Life Insurance Uganda- a sister company. Sanlam General Insurance is part of Sanlam, a diversified financial services company headquartered in South Africa, with a strong presence in more than 30 countries on the African continent, India, Malaysia and various other developed…
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Insurance guru Gary Corbit, previously the Chief Executive Officer at Sanlam General Insurance has been reassigned to the Chief Executive role at Sanlam Life Insurance. Gary joined Sanlam Life Insurance Uganda in March 2022. As Chief Executive, his role involves running the company’s strategy and allocating capital and people resources to deliver on the strategy. An experienced and hands-on Chief Executive, Gary is known for transforming Sanlam General Insurance from the 14th position to the 2nd position (based on Net Earned Premium), all in 7 years. He also grew Sanlam General’s asset book from UGX9.3 billion in 2015 to UGX147…
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Shakira Shamim Mujuni has been appointed the new Chief Executive Officer of CIC General Insurance Uganda. Shakira joins CIC with over 10 years of experience in the insurance industry. She is self-driven, assertive, and technically grounded in the insurance business with a special knack for customer excellence. Shakira previously worked at Sanlam General Insurance Uganda as Deputy General Manager Commercial Business where she left a track record of peak performance, contributing significantly towards the company’s success. Before this she held a position of underwriting Manager. She also worked for Lion assurance as Underwriting Manager and Britam Insurance as Underwriting Supervisor….
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After what has been an illustrious career spanning 25 years, Harriet Nabakooza Musoke is retiring from a 08am-05pm routine, to spend more time with her family but also to see how else she can deploy her treasure trove of knowledge. “Now most of you may be asking what next? I am looking forward to a much-needed vacation time with family and friends. I need to settle in my daughter at the pre-college/university level. I plan to sleep, travel, pray, exercise, keep healthy, engage more in my Rotary opportunities and be the best companion/wife I can be to my husband,” Harriet…
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The dispute stems from a 1st July 2016 to 30th June 2017 performance bond worth USD3,000,000 the three companies made to Rift Valley Railways (RVR), then a concessionaire of URC’s assets. The bond was co-insured between Old Mutual Insurance Uganda Ltd (40 per cent); Sanlam General Insurance Uganda Ltd (30 per cent) and Britam Insurance Uganda Ltd (30 per cent). It shall be remembered that URC entered into a concession agreement with Rift Valley Railways Uganda Ltd (RVRU) allowing the latter to run the operations of URC for twenty-five years effective 1st November 2006. As a condition, RVR had to…
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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 General Insurance Uganda, a provider of cutting-edge insurance and financial services in Uganda, has received ISO 9001:2015 certification following rigorous independent audit on its quality management system by the International Organization for Standardization (ISO), an international agency composed of the national standards bodies of more than 160 countries. The company becomes one of the first insurance companies in the country to be awarded the updated International Organization for standardization ISO 9001:2015 certification in the General Insurance and Risk Management category. This internationally recognized standard ensures that an insurance firm’s products and services meet the needs of customers through an…
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Although it is now slightly over 10 years since Sanlam, one of the 50 largest internationally active insurance groups and the second-largest in Africa, opened shop in Uganda as Sanlam Life, it is just about 6 years since Sanlam General Insurance (Sanlam GI) formally entered the Ugandan market. Sanlam GI’s entry was via a larger April 2014, acquisition of 49 percent of NICO Holdings’ general insurance business across in Malawi, Zambia, Tanzania and Uganda by Sanlam Emerging Markets (SEM), that saw Sanlam acquire a majority stake in Niko Insurance Uganda a subsidiary of NICO Holdings. At the time, NIKO just had…
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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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