Jubilee Holdings Limited and Allianz have signed an agreement to establish a strategic partnership in the five African countries where Jubilee Insurance currently operates. The partnership aims to cover the property & casualty insurance segment in Kenya, Tanzania and Uganda as well as the short-term insurance segment in Burundi and Mauritius. JHL will retain ownership […]
Insurance firms have reported a sharp rise in policy cancellations and withdrawals by customers squeezed by the economic fallout from Covid-19, raising fears that many insurers could soon face liquidity challenges. Top insurers confirmed a sharp rise in withdrawals and surrenders, majorly on life assurance and pension products — a trend linked to the coronavirus […]
Partnership covers general insurance in five East African countries; it aims to expand and broaden the insurance markets across East Africa; transaction is subject to regulatory approvals Jubilee Holdings Limited (“JHL” or “Jubilee Insurance”) ( www.JubileeInsurance.com ), East Africa’s largest insurance group, and Allianz ( www.Allianz.com ), one of the world’s leading insurers and asset […]
Partnership covers general insurance in five East African countries; it aims to expand and broaden the insurance markets across East Africa; transaction is subject to regulatory approvals Jubilee Holdings Limited (“JHL” or “Jubilee Insurance”) ( www.JubileeInsurance.com ), East Africa’s largest insurance group, and Allianz ( www.Allianz.com ), one of the world’s leading insurers and asset […]
Partnership covers general insurance in five East African countries; it aims to expand and broaden the insurance markets across East Africa; transaction is subject to regulatory approvals Jubilee Holdings Limited (“JHL” or “Jubilee Insurance”) ( www.JubileeInsurance.com ), East Africa’s largest insurance group, and Allianz ( www.Allianz.com ), one of the world’s leading insurers and asset […]
Insurance firms have reported a sharp rise in policy cancellations and withdrawals by customers squeezed by the economic fallout from Covid-19, raising fears that many insurers could soon face liquidity challenges. Top insurers confirmed a sharp rise in withdrawals and surrenders, majorly on life assurance and pension products — a trend linked to the coronavirus […]
Partnership covers general insurance in five East African countries; it aims to expand and broaden the insurance markets across East Africa; transaction is subject to regulatory approvals Jubilee Holdings Limited (“JHL” or “Jubilee Insurance”) ( www.JubileeInsurance.com ), East Africa’s largest insurance group, and Allianz ( www.Allianz.com ), one of the world’s leading insurers and asset […]
Kenya General Insurance Market Report analyzing all the key factors such as regional market conditions, market boomers and decliners, opportunities, and size and scope of the market. ReportsnReports added Latest Kenya General Insurance Market research report estimates the market size by the end of year at a CAGR, by deep-dive analysis of the historical data […]
Weekly outlook In the coming week, the market stance relics steadier, Investors partaking is likely to improve particularly Local investors, this indicate that the market will remain stronger and sound. Top active counters such as CRDB, DSE, TPCC, TBL, VODA and NICOL to continue to overshadow the next week’s transactions. During the week, the market […]
NAIROBI, Kenya, Sep 29-German insurance firm Allianz has offered Sh10.8 billion in a deal to acquire Jubilee Holding’s General Insurance business, which is two-thirds of the firm’s portfolio. The proposed transaction pending regulatory approval will see Allianz acquire controlling stakes in Kenya, Tanzania, and Uganda as well as the short-term insurance segment in Burundi and […]
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