Paris-based agency OLEA Insurance Solutions has introduced the appointment of a brand new CEO Mr. Anthony Wachira who replaces the outgoing CEO, Herbert Ocholi, the founding father of OLEA Kenya Insurance Solutions, efficient 1st April 2023.
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Wachira has a stable and confirmed Kenyan and regional insurance coverage market background. He joined OLEA Kenya in 2021 in a administration place. Before then, he labored at Minet and Alexander Forbes. Some of his huge wins had been steering worthwhile development methods whereas forging lasting relationships.
OLEA Insurance options entered the Kenyan market in 2019 after shopping for a 40% stake in the Kenyan Koolridge Insurance Brokers. The acquisition got here with a reputation change to OLEA Kenya Insurance Brokers.
“The OLEA Insurance partnership was a great feat for our company,” stated outgoing CEO and Founder Herbert Ocholi. “As fate would have it, the Covid pandemic hit the world a few months later, and our company suffered the same devastation and loss of business as most businesses. But, we managed to survive due to our clients’ utmost confidence in us.”
In Africa, OLEA Insurance Solutions has a footprint in 38 Countries, 24 subsidiaries, and 14 correspondents. The firm not too long ago made a foray into South Africa. Plans are additionally underway to open places of work in Uganda later this yr.
“Our continental spread allowed us to acquire business from international brokers who do not have a presence in Kenya. That, together with new business opportunities from local companies contributed to our ability to survive the Covid Pandemic devastation. Indeed, we can attribute our continued growth and success to the very same reasons,” concluded Mr. Ocholi.
One of Wachira’s most important duties in his new function is to spearhead enterprise growth inside the nation. His focus, amongst different issues, can be to determine and maximize new enterprise alternatives in well being merchandise, aviation, and the hospitality trade.
Mr. Ocholi will transition to the function of the Executive Director of the OLEA Kenyan Board and the OLEA Group’s Technical Director for East Africa.
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