Chabala Lumbwe

Managing Director

Chabala was recruited from the Zambia State Insurance Corporation and was part of the original team when Madison Insurance Company Zambia Limited was established in 1992. He was Underwriter – Property before being transferred to the Copperbelt as Regional Manager.

He holds a Bachelor of Arts Degree in Economics from University of Zambia and is also an Associate by Examination of the Chartered Insurance Institute, UK and a Fellow (FIIZA) of the Insurance Institute of Zambia.

Chabala has had extensive technical and executive management training from Munich Re, Hannover Re, Wits Business School and Gordon Institute of Business Science and a well-seasoned Chartered Insurer. A Paul Harris Fellow of Rotary International and enjoys a good round of Golf.

Iyer Siddharth

Chief Operation Officer

A Senior Insurance professional with over 30 year’s professional experience in Insurance. Iyer previously worked as Director-Reinsurance starting the Reinsurance Operations in UAE and earlier with the same group as Senior Vice President at Anand Rathi Insurance Brokers ltd Mumbai.

Siddharth is specialised in General, Life, Micro and ReInsurance. He also pioneered several firsts in his career and also worked in Kenya, Uganda and Tanzania heading Insurance Companies and broking houses.

Siddharth is a Fellow of the Insurance Institute of India and holds a Masters Degree in Chemistry from Kanpur University in India and a Post-graduate Diploma in Business Administration from Chennai India.

Mundia Mundia

Chief Financial Officer

Mundia is responsible for the Financial, Treasury, and Investment Management as well as the internal controls and MIS. His corporate experience spans over 13 years with similar senior roles at BP Southern Africa, Lafarge Zambia and Zambia Privatization Agency.

He holds a Bachelors of Finance and Accountancy degree from the Copperbelt University and is a Fellow (FCCA) of Chartered Certified Accountant and a Fellow (FZICA ) of the Zambia Institute of Certified Accountants. Mundia holds a Masters of Business Administration from the UK with a specialization in Investment Management.

In his spare time aside from family time spent with the wife and three children, he enjoys watching Football, playing Golf and cracking Chess.