IRA Defends Non-Renewal of CEO Kaddunabbi's Contract, Cites 'Overtaken by Events'

The Insurance Regulatory Authority (IRA) is defending its decision not to recommend the renewal of former Chief Executive Officer Alhaj Kaddunabbi Ibrahim Lubega’s contract. The Authority, along with former Board Chairman Dr. Isaac Nkote Nabeta, argues in court documents that Kaddunabbi’s case is now moot, as his five-year term concluded on May 31, 2026.

According to the IRA, the Minister of Finance has since appointed Protazio Sande as the Acting Chief Executive Officer, effective June 1, 2026. This move, officials argue, makes any interim relief sought by Mr. Kaddunabbi legally unsustainable.

The Authority asserts that Mr. Kaddunabbi’s employment was for a strictly fixed term, ending naturally by operation of law. Ahead of this expiry, he was directed to proceed on leave and complete a handover, which has since been finalized with the new acting CEO in place.

Officials emphasize that reinstating Kaddunabbi would create an untenable situation where two individuals claim the CEO position simultaneously, disrupting governance and operations. The dispute arises from the IRA Board’s February 16, 2026 decision to not recommend Kaddunabbi for a second five-year term, citing concerns from internal reviews and audits regarding governance and financial management.

Mr. Kaddunabbi has filed a judicial review, challenging the Board’s decision and his perceived denial of a fair hearing. He claims outstanding performance ratings and a legitimate expectation for reappointment after over a decade of service, presenting achievements such as industry premium growth and sector reforms. However, the IRA maintains that eligibility for consideration does not guarantee an automatic renewal.

The differing legal interpretations are currently before the High Court, with further directions expected on June 12, 2026.

Source: Daily Monitor (Uganda)