Mr. Patrick Tumbo is the current Regional General Insurance Executive, East Africa & Group CEO at Sanlam Kenya Plc & Sanlam Pan Africa since his appointment in 2018.
Mr. Patrick Tumbo before joining Sanlam was the Group Chief Executive Officer at Jubilee Insurance Company of Kenya.
He has over 27 years of experience in the financial services sector with a bias towards the insurance industry. His career in the insurance industry has revolved in areas which includes Reinsurance and Insurance Underwriting, Product Development, Marketing, Business Development, Business Strategy, General Management and corporate leadership.
As Jubilee insurance, he contributed to its impressive business growth and development since 2008. During that period, Jubilee Insurance recorded tremendous growth in its Gross Revenues and Profitability; and expanded regionally into Burundi and Mauritius market as well as increasing the product range offered to the market.
Patrick was instrumental in the growth and rebranding of AIG Kenya and improving its business growth and profitability up to his exit in 2008.
Patrick rose over the ranks in AIG (bu then it was known as Alico General Division) from a university student on attachment, then underwriter and various managerial functions and finally the position of General Manager before joining Jubilee.
Patrick worked as the Business Development Manager at ZEP Re (PTA Re) where he restructured the Common Market for Eastern & Southern Africa (COMESA) Yellow Card Insurance & Reinsurance Pool’s administrative function and reporting framework in 2004.
He also played a key strategic role in the revival of Cooperative Insurance Company after its denial of License in 1995 along with the defunct Kenya National Assurance. He helped mobilize additional capital from the Kenya Cooperative Movement and the infusion of preference shares from the International Cooperative Alliance’s insurance arm, the ICMIF that enabled Cooperative Insurance to resume trading.
Patrick has a Masters degree in Business Administration (MBA) in Strategic Management (Major) and a Bachelor of Commerce (Insurance) both from the University of Nairobi. He is a Chartered Insurer, an Associate of Chartered Insurance Institute, a member of the Society of Fellows of The Chartered Insurance Institute of London, UK and an Associate of the Insurance Institute of Kenya.
Patrick served as a Director in the Jubilee Group of Companies (Kenya, Burundi, and Mauritius), Property Development Management Limited and B-Five Movers Limited. He was a Trustee of the Jubilee Insurance Samaritan Award (JISA), the Jubilee Children Fund, and Jubilee Staff Retirement Fund.
Patrick served as a Director of the Board of the Association of Kenya Insurers and Chairsed the Ethics & Self-Regulation Committee of the Industry Association. He was also a Director of the Board of The Globus Network whose Head Quarters is Doula, Cameroon. The Globus Network is a Panafrican Insurance Network with membership in over 34 Anglophone, Francophone and Lusho-phone countries. Patrick is also a Judge on the Panel of Judges of the African Insurance Awards.
In society, Patrick is a family man with wife Mary are blessed with four children: Bernard (Australia), Beverlyne (Canada), Beryl (Kenya) and Britney (Kenya).
He likes staying with his family and also enjoys reading, music, travelling, golfing and participating in charity as his hobies.
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