Kenya Reinsurance Corporation has extended the suspension of Managing Director Dr. Hillary Wachinga for an additional 21 working days effective October 2, 2025.

Kenya Re, a listed entity on the Nairobi Securities Exchange, emphasized that its operations remain stable and uninterrupted despite the leadership changes. The company said it remains focused on executing its strategic priorities and safeguarding stakeholder interests.

Dr. Wachinga, who was appointed Managing Director in March 2023, faces heightened scrutiny as shareholders and regulators await the outcome of the ongoing review. Kenya Re has not provided a timeline for a final decision on his status.

Analysts are watching closely for any regulatory updates or board disclosures that could clarify the direction of the governance review. The extension underscores the board’s approach of handling the matter within its fiduciary obligations under the Capital Markets Act.