Africa Re appoints Ephraim Bichetero as DMD/COO

African Reinsurance Corporation (Africa Re) has elected Mr. Ephraim Kiiza Bichetero as Deputy Managing Director / Chief Operating Officer (DMD/COO) Elect.

A statement obtained by Dailyeconomy from Africa Re said he has since 1 July 2024 assumed duty as the substantive DMD/COO after a one-year transition and succession programme with the retiring and longest-serving DMD/COO, Mr. Kenneth Edirin Napoleon Aghoghovbia.

Mr. Bichetero of Ugandan nationality, joined Africa Re as an underwriter in June 2004, covering the East Africa Region operating from the Nairobi Regional Office, after over 10 years professional work experience in the primary insurance market in different roles.

Since his employment, he has risen through the ranks to become a Senior Underwriter, Assistant Director (Technical Operations), Deputy Regional Director, Interim Regional Director and eventually as Regional Director of the Nairobi Regional Office from January 2018 until his recent appointment in July 2024.

Africa Re Group Managing Director / Chief Executive Officer (GMD/CEO), Dr. Corneille KAREKEZI comments:” Africa Re Board is pleased to welcome Mr. Bichetero as a substantive member of the Executive Management team of the Corporation and is confident that he is well-poised and ready to continue the successful implementation of initiatives and strategies for achieving profitable growth ambition of Africa Re.

“He has demonstrated the essential technical, behavioural and leadership competencies and capabilities over many years to execute this assignment and I wish him success in this role.”

In his role and in accordance with the Agreement Establishing the Corporation as defined in Article 21 (Deputy Managing Director), he will assist the Group Managing Director/CEO by overseeing the underwriting operations and any other assigned responsibilities across the Group including the regional offices, subsidiaries, contact offices and underwriting representative offices.

Africa Re remains committed to its mission and the assumption of duty of Mr. Bichetero marks continuity in our executive leadership and fine-tuning of our tactical plans, as the Corporation continues to position itself for growth, innovation, impact and reinforces its reputation as the leading reinsurance company in Africa and some other international markets