PEAL is run on professional lines with a very strong Management Team, comprising persons with diverse backgrounds in all fields of insurance operations.
Mr. Ashraf Musbally
Managing Director And Principal Officer - Appointed in April 2016
Mr. Musbally, born in 1969, graduated in 1993 with a BSc. (Hons.) from City University, London, in Insurance & Investment. He holds an MBA from Imperial College, London, and is a Fellow of the Chartered Insurance Institute (FCII).
He worked as Management Consultant at Kemp Chatteris Deloitte & Touche before joining La Prudence (Mauricienne) Assurances Ltée in 1997 to manage and develop its health insurance department, a post which he held until 2004, when he was appointed Chief Operations Officer – General Insurance.
Mr Musbally kept the same position after the merger of LPM/MUA activities in 2010, and in January 2012 he took the responsibility of the Underwriting Department of the General Insurance. He was promoted to Head of the General Insurance cluster in January 2014.
In April 2016, Mr. Musbally was appointed Group Managing Director of Phoenix of East Africa Assurance Company Limited.
Mr. Anil Chopra
Head of General Insurance
Mr. Chopra, born in 1960, graduated in 1985 with a MSc. (Statistics) from College of Basic Sciences, HAU Hisar India. He holds an MBA from Panjab University, Chandigarh India and is an Associate of Insurance Institute of India.
He joined New India Assurance in 1986 as a Trainee Officer and worked with the Company in India till 1995 in various capacities. In 1995 he joined New India office in Sierra Leone as Managing Director and worked there till 2004. Thereafter he joined ITGI Company in Baroda India as Head of retail business. In 2006 he joined Heritage Insurance Company Tanzania Ltd as Chief Operating Officer and was promoted to CEO position in 2013.
In September 2016, Mr. Chopra joined Phoenix of East Africa Assurance Company Limited as Head of General Insurance.
Mr. Johnston Mualuko
Mr. Mualuko, born in 1983, holds a Bachelor of Commerce Degree (Accounting Option) from the University of Nairobi, School of Business. He is also a Certified Public Accountant of Kenya (CPA-K) and is a registered Member of the Institute of Certified Public Accountants of Kenya, ICPAK.
He has worked majorly in the insurance sector for over 9 years. He has worked in Jubilee Insurance subsidiaries across the East Africa region such as Kenya as An Accountant for almost 2.5 years, Tanzania for a special assignment and Burundi as Finance Manager and Senior Finance manager (Head of Finance) for almost 2 years. He has also worked in Jubilee Holdings Limited as an Accountant in the Group and he has been awarded for outstanding performances during his tenure across the subsidiaries. During his tenure at Jubilee subsidiaries he has been exposed in areas such as Treasury, credit control, Re-insurance accounting, Tax, Financial accounting and reporting, financial Modelling, budgeting and forecasting, Investments, board pack preparation and presentation, regulatory returns, supplier management etc with an ultimate role in heading the Finance function in Jubilee Burundi where he played a key role in streamlining accounting processes, implemented accounting system with data migration for several years, transformed the finance function ,trained and mentored staff.
In 2014 May, he joined Prime Insurance Rwanda Limited as the Chief Finance Officer (CFO) where he worked for 3 years. His main achievements includes transformed the accounting function through implementation of cloud based finance system, improved reporting timelines through reports automation and improved accounting processes, engineered implementation of company asset register, took part in successful right sizing, portfolio analysis & redesigning of alternative distribution models which reduced the company’s’ operational costs and loss ratios, introduced real time management of cash flows ,re-engineered cash collection processes ,overseen several regulatory investigations and audits with excellent outcome, implemented risk framework reporting and negotiated profitable treaty arrangements, build new finance team, mentored and coached them to excellent team. He joined Phoenix in July 2017.
Mr. Stanley Wilunda
Human Resources Manager
Mr. Wilunda, born in 1969, graduated in 1994 with a BA. (Hons.) from Kenyatta University, Kenya. He holds an MBA from the same University and a Higher National Diploma in Human Resource Management from the College of Human Resource Management. He is a full member of the Institute of Human Resource Management.
He has practised Human Resource Management at senior positions for over 15 years, six of which have been in the Insurance Sector.
Mr. Wilunda worked as a General Manager in charge of Human Resources and Administration at U&S Ltd, a subsidiary of Fulling Mill Ltd (UK). He joined the firm in 1997 as a management trainee and rose through the ranks before appointment to this position. He joined Gateway Insurance Company Ltd (now Sanlam General Insurance Ltd) in January 2011 where he worked as the HR Business Partner till May 2016.
He joined Phoenix in June 2016