Stephen Lokonyo

June 4, 2021 / By first

Stephen joined First Assurance in June 2021 from UAP Insurance Tanzania Ltd where he was the Managing Directors. Prior to joining UAP, Stephen held the position of Chief Executive Officer at Britam Insurance (Tanzania) Limited since November 2015. He began his career in Underwriting at Heritage Insurance Company Limited in Kenya in 1995 where he served until moving to UAP Insurance Company Limited (Kenya) in 2004 as an Underwriting Manager (Corporate Business).
He later moved to AIG Kenya Insurance Company Limited in 2010 as the Profit Centre Manager (Property, Energy & Marine) for two years. Thereafter, he joined REAL Insurance Kenya Limited as the Senior Underwriting Manager and later promoted to the Head of Broker Relationship in January 2015 after the merger of Real Insurance and Britam General. He was then transferred to Tanzania to take up the position of Chief Executive Officer.
Following the successful acquisition by Britam Holdings in 2014, Stephen led the rebranding of Real Insurance Tanzania to Britam Insurance in 2016. He has also played a significant role in the turnaround of the business from a loss position in 2015 to consistent profitability since 2016. Stephen is an Associate of the Chartered Insurance Institute (ACII – UK) with 24 years’ experience in leading insurance companies in East Africa and over 10 years in Executive Management. He holds a bachelor’s degree in Commerce (Insurance option)