Orient Bank gets Bancassurance license

Orient Bank is 8th Ugandan Bank to get right to sell insurance

Orient Bank has become the eighth financial institution in Uganda to offer insurance policies to their customers and the public through Bancassurance after acquiring a license from Insurance Regulatory Authority (IRA) . It joins dfcu, Barclays, NC bank, Diamond Trust bank, Stanbic, Bank of Africa and Finance Trust in this now seemingly attractive business. This […]

Jubilee Holdings remains Kenya’s 2nd biggest insurer

 A report by Cytonn Investment puts Kenya Re Insurance in the top as far as franchise value rankings are concerned, while Sanlam Kenya has been ranked last. Dubbed ‘Kenya’s Listed Insurance Companies analysis report’, the report put Jubilee Holdings second, Britam Holdings third and CIC Group fourth. Investment Analyst Caleb Mugendi said Kenya Re’s performance […]

Global Investor ACTIS takes majority stake in Nigerian pension firm Sigma

Lagos — ACTIS, a global pan-emerging markets investor, has acquired a majority stake in Sigma Pensions in a transaction valued at US$62 million. Sigma is a leading pension fund administrator (PFA) in Nigeria. Natalie Kolbe, Partner at Actis, said building on their extensive experience in the asset management and distribution sector, they were excited to […]