He replaces Steven Oluoch, who has left the company upon attainment of the retirement age.
The Insurance Regulatory Authority has already approved Muthaura’s appointment as the Company’s CEO.
“I hand over this committed, technically astute and customer-oriented team to my worthy successor with the conviction that ICEA LION General will grow from strength to strength,” said Steven Oluoch.
Muthaura was previously the former chief executive officer of the Capital Markets Authority of Kenya.
Prior to becoming the CMA chief executive, where he served for 14 years, he was the Director, Regulatory Policy and Strategy and also held other senior leadership positions with the same organisation.
He has a legal background with a Masters of law degree (Banking and Finance) and a Masters in Philosophy.
Professionally, he is a member of the Charted Insurance Institute UK, an Advocate of the Hih Court of Kenya and a Certified Executive Coach by the Academy of Executive Coaching.