In a strategic move aimed at reinforcing its transformation initiatives and bolstering corporate governance, CIC Insurance Group PLC has unveiled significant changes to its senior management team. The Board announced the reassignment of Muyesu Luvai, previously serving as Director – Internal Audit, to the newly created role of Director – Special Projects, effective December 2, 2025. This shift is designed to enhance oversight and accelerate the execution of key transformation initiatives across the Group.
Strategic Move to Strengthen Oversight
The decision to reassign Luvai forms part of CIC Insurance’s broader strategy to improve governance structures while driving growth and operational efficiency. With his deep institutional knowledge and years of leadership experience at CIC, including a stint as Group Chief Financial Officer, Luvai is expected to play a pivotal role in the company’s transformation journey. His extensive expertise in finance and corporate governance makes him a valuable asset in this new position, where he will focus on overseeing critical projects that align with the Group’s strategic objectives.
Collins Kiriyo Ajire Appointed Acting Director – Internal Audit
Simultaneously, the CIC Insurance Board appointed Collins Kiriyo Ajire as Acting Director – Internal Audit. Ajire, who was previously the Internal Audit Manager at CIC, brings over 12 years of audit experience, with eight of those years spent in the insurance sector. His appointment ensures continuity in the internal audit function while maintaining the strong governance and risk oversight that CIC Insurance is known for.
Ajire, a Certified Public Accountant (CPA-K) and a member of the Institute of Certified Public Accountants of Kenya (ICPAK), joined CIC Insurance Group in 2023. His extensive background in auditing, combined with his experience within the insurance industry, positions him well to continue building on the Group’s commitment to maintaining robust financial oversight and risk management practices.
CIC Insurance Group’s Ongoing Commitment to Growth and Operational Efficiency
CIC Insurance Group is one of East Africa’s leading insurance providers, with operations in Kenya and other African markets. The Group offers a comprehensive range of insurance products, including general, life, and medical insurance, and is committed to pursuing strategic initiatives that support its long-term growth. The recent management changes are part of CIC’s continued effort to enhance operational efficiency, improve governance, and maintain its market leadership.
Conclusion
As CIC Insurance Group embarks on this next phase of growth and transformation, the recent senior management changes highlight the Group’s commitment to strengthening its leadership and ensuring the successful implementation of its strategic objectives. With the appointment of Muyesu Luvai to the role of Director – Special Projects and the promotion of Collins Kiriyo Ajire to Acting Director – Internal Audit, CIC Insurance is poised to navigate the evolving insurance landscape with enhanced oversight and a clear focus on its long-term goals.
