German insurer, Allianz has acquired a majority stake in Uganda’s Jubilee insurance, making it the largest insurance group in the East African region. The acquisition follows an agreement with Jubilee Holdings Limited to cede 66% of the company’s short-term general (property and casualty) activities to the German insurer, in five east African countries including Uganda, […]
The Blue Company Project board members and other partners make a toast during the launch of the initiative in Nairobi. Private companies have unveiled a drive to fight corruption. The Blue Company Project, a brainchild of the Jubilee Holdings Chairman Nizar Juma , commits member companies in the country and the region to shun corruption. […]
Allianz Africa in on course to complete acquisition of Jubilee Holdings Limited remaining operations in three regional subsidiaries in a Kshs. 11 billion ($100 million) deal. Allianz says it has completed the acquisition of 66% stake in Jubilee Insurance Company of Uganda Limited representing 29,700,000 ordinary shares. Jubilee Holdings Limited, the parent company will retain […]
Internal Allianz SE Group Communications and Reputation Media Release Allianz completes acquisition of majority stake in Jubilee Insurance Company of Uganda Limited Transaction is part of agreement signed with Jubilee Holdings Limited (JHL) in September 2020 Kenya transaction also completed. Tanzania, Burundi and Mauritius to follow, subject to regulatory approvals. Kampala, Uganda, October 25, 2021 […]
The acquisition follows the execution of an agreement signed on September 29, 2020, whereby Allianz agreed to acquire the majority shareholding in the short-term general (property and casualty) insurance business operations of Jubilee Holdings Limited, in the five countries. Allianz, one of the world’s leading insurers and asset managers has acquired a majority stake in […]
The insurance regulatory authority CEO AlHaj Kaddunabbi Lubega says companies that are doing life insurance business in the country have invested heavily in this business and this explains the reason for continued booming of life insurance business in this insurance sector. Kaddunabbi who was speaking at the ceremony where German based insurance company Allianz obtained […]
German insurer, Allianz has acquired a majority stake in Uganda’s Jubilee insurance, making it the largest insurance group in the East African region. The acquisition follows an agreement with Jubilee Holdings Limited to cede 66% of the company’s short-term general (property and casualty) activities to the German insurer, in five east African countries including Uganda, […]
Celebrating new beginning. These are German Ambassador Mathias Schauer (left), Uganda Insurance Regulatory Authority CEO Alhaj Kaddunabbi Ibrahim Lubega, COO, Allianz Africa Delphine Traore, CEO,Allianz Africa Coenraad Vrolijk and Regional CEO Jubilee Holdings Limited a Julius Kipng’etich Kampala, Uganda | THE INDEPENDENT | Following the successful completion of the separation of the business of Jubilee […]
Everything was dropping on the stock market during the week that ended on the 24th of September 2021, from market capitalization and indices, to the equity turnover and number of deals. While some counters, including TBL and NICOL released half year financial results, but the results of TBL had no impact to entice activities on […]
Executives addressing participants during the official announcement in Kampala on Oct.05. Following the successful completion of the separation of the business of Jubilee Insurance Company of Uganda Limited into separate general and medical insurance companies, executives from both sides said on Oct.05 in Kampala, they are proceeding to close Allianz Group purchase of a 66% […]
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