Global Banking & Finance Awards® 2021 – 1

LONDON, ENGLAND, February 23, 2022 /24-7PressRelease/ — Global Banking and Finance Review is privileged to honour those financial institutions who have achieved outstanding results and who stand out in their particular area of expertise in the banking and finance industry. Global Banking & Finance Review would like to congratulate the award winners and look forward […]

Philip Lopokoiyit appointed ICEA Lion CEO, Principal Officer

Philip Lopokoiyit appointed ICEA Lion CEO, Principal Officer

ICEA LION General Insurance Company Limited appoints of Philip Lopokoiyit as the new Chief Executive Officer and Principal Officer of the Company following regulatory approval. His appointment takes effect from September 20, 2021. Insurance company ICEA ion has announced the appointment of Philip Lopokoiyit as the new Chief Executive Officer and Principal Officer of the […]

CIC set for dividend payout after return to profitability

CIC set for dividend payout after return to profitability

CIC Group chief executive Patrick Nyaga. Regional insurer CIC Insurance Group Plc has bounced back to profitability. PHOTO | COURTESY Regional insurer CIC Insurance Group Plc has bounced back to profitability laying the groundwork for ending a two-year dividend drought for shareholders. The turnaround is also expected to bolster the firm’s stock on Nairobi Securities […]

CIC Insurance posts Sh259 million profit in half-year

CIC Insurance posts Sh259 million profit in half-year

CIC Insurance Group #ticker:CIC posted a Sh259.5 million net profit in the half year ended June, reversing a net loss of Sh335.5 million the year before. The return to profitability was helped by improved performance in the underwriting business and higher investment income. Investment and other income, including positive currency movements at its South Sudan […]