Jubilee Group has tapped insider Juan Cazcarra as its new Group Chief Executive, effective 1 st December 2026, replacing Dr. Julius Kipng'etich, who is set for retirement.

In a market update on Monday, the Group said 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.

During his tenure, Juan has played an important role in advancing the Group's digital transformation agenda, improving operational efficiency, simplifying processes and strengthening service delivery, the company said.

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.

Chairman Zul Abdul said, "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 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.

Dr. Julius Kipng'etich's eight-year tenure as Group CEO has been marked by leadership in strengthening Jubilee’s regional position, championing sustainable growth and investing in talent development.

Acknowledging Dr. Julius’s contribution, Chairman Zul Abdul said, “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.”

The leadership transition marks another milestone in Jubilee’s growth and transformation, strengthening its position as a diversified financial services group committed to delivering sustainable value across East Africa.