Britam Made Net Profit of KSh 72.1 M in 2021
Britam Holdings Plc, a listed underwriter, posted a Net Profit of KSh 72.1 Million in 2021. This performance is compared to a Net loss of KSh 9.1 Billion over a [...]
Resolution Insurance Stops Non-Medical Underwriting
Resolution Insurance has stopped underwriting non-medical covers for three months as it seeks fresh capital injection. The insurer’s acting Managing Director Bernard Githinji says there has been “significant delays” in raising [...]
Liberty Net Earnings fall 87.9% to KSh 81.8M
Liberty Kenya Holdings Plc, an underwriter listed at the Nairobi Securities Exchange(NSE), has posted a decline in net earnings to KSh 81.8 Million in 2021 compared to a net profit [...]Policyholders of Collapsed Underwriters to Get More Compensation
Policyholders of collapsed insurance companies will soon get more in compensation if an ongoing review approves the increase. The Policyholders Compensation Fund(PCF) is at the moment paying upto KSh 250,000 [...]CIC Records Net Profit of KSh 668.4 Million
CIC Insurance Group, an underwriter listed at the Nairobi Securities Exchange(NSE), made a net profit of KSh 668.4 Million at the end of the 2021 financial year compared to a [...]Allianz SE Acquires 51% Stake in Jubilee Burundi
Allianz SE , a Global general insurer has completed the purchase of a 51 percent stake in Jubilee General Insurance Limited in Burundi from the parent company Jubilee Holdings, which [...]
Invesco Assurance Appoints New CEO And Board Chair
Invesco Assurance, a leading underwriter, has announced the appointment of Daniel Muriungi Mugao as its Chief Executive Officer following approval from the Insurance Regulatory Authority. Invesco has also appointed Stephen [...]Retirement Planning in 5 Easy Steps
Planning for retirement is one of the most complex topics to decipher in personal finance. To young people who have just joined the workforce, retirement seems too far to even [...]
Lami Technologies, Kenyan Insurtech Startup Acquires Bluewave Insurance Agency
Lami Technologies, a Kenyan insurtech startup has acquired Bluewave Insurance Agency for an undisclosed amount, entered Malawi and Democratic Republic of Congo as it seeks for markets in Africa Bluewave [...]Liberty Kenya Holdings Plc Issues Profit Alert as Claims Soar
Liberty Kenya Holdings Plc, an insurance underwriter, is issuing a profit warning to investors and the general public that based on on preliminary unaudited consolidated financial results after tax for [...]Britam Appoints Finance Director Charles Kimani Njuguna as Acting Managing Director
The Board of listed Financial services firm Britam Holdings has appointed its Finance Director Mr. Charles Kimani Njuguna as Acting Group Managing Director following the resignation of Mr. Tavaziva Madzinga which [...]Equity Group Holdings get Nod to Enter Life Insurance Business
Equity Group Holdings has received regulatory approvals to set up a non-operating insurance holding company. Commencement of the insurance business was approved by the Group's shareholders and the Central Bank [...]
