CBZ Insurance - Director's Profiles

S.B. Naik

S.B. Naik

Capacity: Acting Chairperson

Year Appointed to the Board:



N. Mureriwa

N. Mureriwa
Senior Leadership Development Programme – University of Manchester (2000)
Business Accounting and Finance, Wits Business School (1996)
Bachelor of Laws (LLB) – University of Zimbabwe (1985)
Bachelor of Law (LB) – University of Zimbabwe (1984)

Capacity: Managing Director
Executive Director

Year Appointed to the Board: 2011

Expertise and Experience: Nobert has industry experience covering 26 years. On qualifying as an Attorney at the University of Zimbabwe in 1985, Nobert joined Old Mutual as a Legal Adviser and spent 3 years with Old Mutual where he was heavily involved in providing Technical legal support to the Sales Intermediaries. He moved to the then Prudential Insurance as Senior Manager in charge of all legal, training and Human Resources functions of the Company and was part of the Management team that superintend the move from Prudential to First Mutual Life. He relocated to South Africa and joined Charter Life Insurance, a subsidiary of Liberty Life Insurance, as a Member of the Strategy group of that Company and was greatly involved in bedding down the concept of Bancassurance as one of the most successful examples of the implementation of bancassurance as a strategy. He was appointed Managing Director-Designate of Charter Life before the Group re-organisation saw him transferred to Liberty Life as a Director in charge of Insurance Operations. Nobert returned to Zimbabwe in 2010 as a Consultant to CBZ Holdings on the viability of the Group entering the Life Assurance industry. Nobert crafted the Business Plan for CBZ Life Limited and on acceptance of the Business Plan by the CBZ Holdings Board, Nobert was appointed the new Life Office’s Managing Director. He led CBZ Life to profitability in the first year of operations and indications are that the Company is set for exponential growth in the coming years.
Following the untimely passing of Josphat Whacha, the Managing Director of CBZ Insurance, Nobert was asked by the Group to take over as Managing Director of both CBZ Insurance and CBZ Life Limited.

N. Nyemudzo

N. Nyemudzo
Bachelor of Accountancy – University of Zimbabwe
Postgraduate diploma in Applied Accountancy - University of Zimbabwe
Chartered Accountant (Zimbabwe)
Masters of Commerce Strategic Management and Corporate Governance – Midlands State University

Capacity: Group Chief Executive Officer

Year Appointed to the Board: 2012

Expertise and Experience:Never is a Chartered Accountant with over 13years’ experience in the financial services sector. He holds a Bachelor of Accountancy Degree and a Post-Graduate Diploma in Applied Accountancy from the University of Zimbabwe. He also holds a Master of Commerce in Strategic Management and Corporate Governance from Midlands State University. He commenced his career with BDO Zimbabwe where he trained for his articles and has held senior management roles from the Reserve Bank of Zimbabwe, First Banking Corporation and the People’s Own Savings Bank.


C. Chimutsa

C. Chimutsa
B.Acc. (Hons) University of Zimbabwe
Chartered Accountant (Zimbabwe) (CA (Z))

Capacity: Group Chief Finance officer

Year Appointed to the Board: 2009

Expertise and Experience:Colin was appointed as Executive Director, Mortgage Finance in January 2009. He had a career at ZB Building Society spanning 10 years, where he held the position of Managing Director. Prior to that role Colin was Finance Director of United Bottlers. Colin has an extensive background and experience in Finance.

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