Jubilee Group has appointed Juan Cazcarra as its new Group Chief Executive Officer, effective December 1, succeeding Dr. Julius Kipng’etich, who will retire on November 30.

In a statement on Monday, November 2, the insurance company announced the leadership transition, marking the end of Kipng'etich's tenure, which began in 2018.

"Jubilee Group has appointed Juan Cazcarra as its new Group Chief Executive, effective 1st December 2026. He succeeds Dr. Julius Kipng’etich, who has served in the position since 2018 and will retire on 30th November 2026," the statement read.

According to Jubilee Group, Cazcarra brings more than two decades of experience in the insurance industry, having held senior leadership positions across Europe, Southeast Asia and Africa. 

He joined Jubilee Group in July 2021 and was appointed Deputy Group CEO in April 2025.

"Juan brings more than 20 years of experience in the insurance industry, having held senior leadership roles across Europe, South East Asia and Africa. He joined Jubilee Group in July 2021 and has served as Deputy Group CEO since April 2025," the statement added.

Cazcarra holds a Master of Business Administration (MBA) from Universidad Pontificia Comillas (ICADE) and a Bachelor's Degree in Law from Universidad de Zaragoza, both in Spain.

"His experience across diverse markets, coupled with his understanding of the Group’s business and the broader insurance landscape, positions him to lead the company’s next phase of growth," the statement further read.

 Jubilee Group Chairman Zul Abdal welcomed the appointment, expressing confidence in Cazcarra's ability to build on the company's achievements and steer its future growth.

"On behalf of the Board, I congratulate Juan Cazcarra on his appointment as Group Chief Executive Officer. Having worked closely with the Group’s leadership and contributed to our progress, Juan brings extensive industry experience, institutional knowledge and a clear understanding of our business and ambitions. We are confident in his ability to build on our achievements and lead the Group through its next phase of growth," he stated.

Jubilee also recognised Kipng'etich's contribution, whose eight-year tenure was credited with strengthening the company's regional position, promoting sustainable growth and investing in talent development.

"We extend our sincere appreciation to Dr. Julius for his exceptional leadership and dedicated service to Jubilee. His contribution has been instrumental in strengthening the Group’s position in the region, championing sustainable growth and developing the talent that will shape our future. We wish him every success and fulfilment in his retirement," Abdal added.

This comes days after Sanlam Allianz Holdings Kenya appointed Jacqueline Karasha as the new Group Chief Executive Officer (CEO). 

In a notice on Thursday, October 22, Sanlam Allianz said the appointment of Karasha takes effect on November 1, 2026. 

Karasha has been serving as the Sanlam Allianz Life Insurance Kenya CEO. 

"The Board of Directors is pleased to announce the appointment of Jacqueline Karasha as the Chief Executive Officer of Sanlam Allianz Holdings (Kenya) PLC, effective 1st November 2026. 

"She is currently the Chief Executive Officer/Principal Officer of Sanlam Allianz Life Insurance (Kenya) Limited," read the notice in part. 

Karasha boasts more than 17 years of experience across leadership, sales and operations in life insurance.