Allianz acquires majority stake in Jubilee General Insurance in Kenya
German insurer Allianz has completed the acquisition of a 66% stake in Jubilee General Insurance in Kenya from Jubilee Holdings.…
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ABC Insurance Brokers ties up with Prudential to roll out life insurance
ABC Insurance Brokers, a unit of the ABC Bank & Group, has reportedly teamed up with Prudential Insurance to roll…
ByMUA wraps up acquisition of Saham Assurance company
Mauritian insurance company (MUA) has reportedly completed the acquisition of Kenya-based Saham Assurance company for a sum of KSH1.23bn ($11.5m).…
BySompo teams up with Sanlam to strengthen presence in Kenya
Japanese re/insurer Sompo has teamed up with financial services group Sanlam Kenya to boost its business opportunities in Kenya, Africa.…
Mitsui Sumitomo forms strategic alliances to bolster Africa network
Mitsui Sumitomo Insurance Company Europe (MSIEU) has signed strategic alliance agreements with ICEA LION General Insurance Company in Kenya, and…
Exciting growth potential for Kenyas life insurance market
Kenyas life insurance industry is forecast to more than double from KES56.6bn ($558.1m) in 2014 to KES130bn in 2019 …
ByJubilee Insurance, Rafiki Microfinance Bank sign bancassurance agreement
Kenya-based Jubilee Insurance has inked a bancassurance deal with Rafiki Microfinance Bank to distribute life insurance products in a bid…
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Abraaj Group divests stake in Kenyan insurer UAP
Private equity investor, the Abraaj Group, has completed the full exit of its investment in Pan-African insurer UAP Holdings by…
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