Actuarial firm taps ex-IRA boss Makove to head unit

Thursday October 12 2017

Mr Sammy Makove. FILE PHOTO | NMG

Mr Sammy Makove. FILE PHOTO | NMG 

By BRIAN NGUGI
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Former Insurance Regulatory Authority (IRA) chief executive Sammy Makove has joined consultancy Kenbright Actuarial and Financial Services as head of its new regulatory affairs and advisory division.
Mr Makove, who exited the insurance regulator last November after 15 years at the helm, will be based in Nairobi.

The firm said Mr Makove’s role would be augmented by an international adviser, Holly Bakke, a former insurance commissioner of banking and insurance for the US State of New Jersey.

The firm’s subsidiaries include, Kenbright Insurance Brokers, Kenbright Healthcare Administrators and Kenbright Actuarial and Financial Services.

Mr Makove was a long serving founder member of IRA and was until his retirement last year the only CEO since formation eight years ago. The IRA was carved out as an independent body from the Treasury.

Before joining the IRA, Mr Makove served at the Treasury as a deputy commissioner of insurance from 1987 before becoming a full commissioner of insurance in 2002, a position he would later leave to assume his former role at the IRA.