Julius Kipngetich leaves Jubilee Group after serving as CEO for 8 years

Jubilee Group has announced the appointment of Juan Cazcarra as its new Group Chief Executive Officer, effective December 1, 2026. This marks a significant leadership change for the regional insurance group, which has operated across Kenya, Uganda, Tanzania, and Burundi since its founding in 1937. Kipngetich, who served as CEO for eight years, will retire on November 30, 2026.

Cazcarra, who joined Jubilee in July 2021 as Group Chief Operating Officer, will take over from Kipngetich on December 1. With over 20 years of international insurance leadership experience in Europe, Southeast Asia, and Africa, Cazcarra has held senior positions at AXA Group, including Chief Operating Officer, Chief Financial Officer, and Chief Risk Officer in Spain, France, Serbia, and Indonesia.

As part of his responsibilities at Jubilee, Cazcarra has been involved in the group's digital transformation under the Changamk@ agenda, focusing on improving operations, simplifying processes, and strengthening customer service. Jubilee Group Chairman Zul Abdul expressed confidence in Cazcarra's ability to build on the group's achievements and lead it through its next phase of growth.

He commended Cazcarra's extensive industry experience, institutional knowledge, and understanding of the business and its ambitions. In his retirement address, Kipngetich expressed gratitude for his contributions to Jubilee, which have strengthened the group's position in the region, championed sustainable growth, and developed talent for the future.

Jubilee Group reported an 18% rise in net profit to Ksh5.55 billion for the 2025 financial year, with a 13% increase to Ksh3.45 billion in the first half of 2026. The group serves over 1.4 million customers and beneficiaries across four East African markets.