On Monday, July 22nd, 2024, the company gathered to commemorate a significant milestone in its 57-year history: two years since Cannon underwent a change of ownership and rebranding. On July 22nd, 2022, a group of longstanding local shareholders acquired the company from its previous owners, MMI Group, a South African-based financial services company. This acquisition led to the rebranding of Metropolitan Cannon to Cannon. The event aimed to reflect on the progress made since the rebranding.
Staff, dressed in Ankara to honor the local ownership of the company, were joined by the board of directors from both the life and general business sectors. Mbuvi Ngunze, the chair of the General Business, addressed the attendees, stating, “There has been such a transition in this company. As we reflect on the journey, we need to realize that change is a continuum, and those who don’t accept it will be left behind. There has been a lot of change, which is good.”
Mbuvi Ngunze further highlighted the company’s positive trajectory, saying, “What is positive is there has been a positive trajectory in the company’s performance. This company has a lot of potential; not many insurance companies in Kenya are 57 years old. This brand is resilient and has a lot of potential.”
The company’s resilience and the role of the management team were recognized by Desterio Oyatsi, a long-standing board member, who echoed, “Cannon is resilient. To have lived through and survived all these years, it cannot be anything else but resilient. Cannon has opened a new phase in 2022, and it’s upon us to shape the destiny of this new phase. I am sure we shall do it.”
Tom Omariba, a director in the Life Business, added, ” We have rebranded, we have changed the culture, have done a strategy, and we are looking forward to a shift. I believe we have the right leadership in place.”
As we celebrate this milestone and gear up for the big 60, it’s clear that Cannon is on a positive trajectory. The dedication and hard work of the staff, combined with the strategic vision of the leadership, have positioned it for continued success. This event was not just a reflection on Cannon’s past achievements but also a rallying call for the future. Here’s to many more years of resilience, innovation and growth.
