CIC Insurance Group chairman Nelson Kuria. FILE PHOTO | NMG South Africa-based Global Credit Ratings (GCR) has downgraded the credit profiles of CIC Insurance Group general and life units. GCR assigned CIC Life a financial strength rating of BBB (KE), from BBB+ (KE), citing a deterioration in the group’s credit profile with a negative outlook. […]
•The firm said the board change is part of its plan to strengthen the overall governance and strategic leadership of the institution. •The diversified insurance firm is among top three in the country according to Insurance Regulatory Authority (IRA). Nelson Kuria CIC Insurance Group has appointed former chief executive Nelson Kuria as the new chairman […]
Former CIC Insurance Group CEO Nelson Kuria. FILE PHOTO | NMG CIC Insurance Group has tapped its former chief executive Nelson Kuria as the new chairman in the latest board changes to strengthen the overall governance and strategic direction of the insurer. The group announced Friday morning that Mr Kuria, who retired from CIC as […]
KEY POINTS Sasini was the top gainer of the day with 6.82 percent at the price of 18.00 shillings per share followed by Total Kenya with 5.60 percent at the price of 25.45 shillings per share. Stocks are a popular avenue for investment, but it’s far from the only option. Depending on your needs, income […]
CIC managing director for general insurance Elijah Wachira. FILE PHOTO | NMG CIC Insurance Group #ticker:CIC posted a Sh296.8 million net loss in the year ended December, breaking its 13-year profit-making run that goes back to 2007. It also marks the first full-year loss to be reported by the company since it listed on the […]
CIC Insurance Group posted a Sh296.8 million net loss in the year ended December, breaking its 13-year profit-making run that goes back to 2007. It also marks the first full-year loss to be reported by the company since it listed on the Nairobi Securities Exchange (NSE) by introduction on July 18, 2012. The insurer’s loss […]
The Nation Media Group was the top gainer of the day at the Nairobi Securities Exchange (NSE) on Tuesday, March 2, 2020, with 9.89 percent at the price of 19.45 shillings per share. Kenya Re-Insurance was the second top gainer with 4.84 percent at the price of 2.60 shillings per share followed by Longhorn Publishers […]
The new chief executive of CIC Insurance Group #ticker:CIC, Patrick Nyaga, has bought 11.3 million shares of the company with a current market value of about Sh26 million. Mr Nyaga, who was appointed to the position in June, appeared in the insurer’s list of top shareholders in September, according to filings seen by Business Daily. […]
Former chief executive of CIC Insurance Group #ticker:CIC, Nelson Kuria, has returned to the company’s board as an independent director. The move comes after he stayed out of the firm long enough to satisfy the Capital Markets Authority’s requirement that an independent director must not have held an executive position in the company within the […]
Guests during a CIC investor briefing in Nairobi. FILE PHOTO | NMG Regional underwriter CIC Insurance Group has moved to firm its grip on the credit union market with the launch of a governance and financial management skills training programme for 2,000 co-operative society leaders. Co-operatives division general manager Richard Nyakenogo said the co-operative sector […]
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