This archive report was first published on 4 May 2021.
Dr Benson Wairegi, a stalwart in the insurance and financial services sector, is set to step down from the Board of Britam Holdings on 28th May 2021, marking the end of an era that spans over four decades. The announcement comes just four months after his retirement as Group Managing Director on 31st January 2021.
Dr Wairegi joined Britam in 1981 as a Chief Accountant and rose through the ranks to become Group Managing Director in 1995, a position he held for 26 years until his retirement this year. Under his leadership, Britam transformed from a small home insurance provider into a regional leader in the insurance and financial services sector.
Britam has undergone significant leadership changes in recent years, with the appointment of Tavaziva Madzinga as the new Group Managing Director in January 2021. The company has also implemented cost-cutting measures, including reducing its management team from 20 members to 11 members in March, and plans to cut up to 15% of its workforce in the coming months.
Dr Wairegi's departure from the board of Britam Holdings Plc will leave ten members on the board, marking a new chapter in the company's history.
