The Board of Directors of Botswana Insurance Company Limited (BIC) have announced that the Managing Director of BIC, Dziki Nganunu, has indicated his intention to step down from the position of Managing Director at the end of September 2014. Nganunu has been with the company for over 9 years having joined BIC in March 2005.
During his tenure Nganunu established BIC as the trusted leader in the short term insurance sector in Botswana. BIC gained an AA- (stable) claims paying credit rating which reflects the company’s financial strength, stability, technical expertise and leading market position. The financial strength ofBIC is further reflected in its balance sheet strength and profitability with shareholders equity and profitafter tax reaching record levels in 2013.
During the next few months, Nganunu will work with the board to identify a suitable replacementand ensure that a smooth transition takes place. The Board can assure all clients that they will continueto enjoy exceptional service levels at all times.
The Board acknowledges Nganunu’s positive contribution to BIC over the last nine years and wishes him every success in his future endevours.