Britam Holdings Plc sinks into Net Loss of KSh 9.1 Billion
Britam Holdings Plc reported a net loss of KSh 9.1 Billion for the financial year ended 31st December 2020. The financial services provider firm attributes this depressed financial performance to [...]
CIC Named Winner of Decade of Excellence Insurance in Kenya for 2021
CIC Group was named the winner of the Decade of Excellence Kenya 2021 Award in the 2021 Global Banking and Finance awards. CIC Group CEO Patrick Nyaga says the global [...]
Liberty Kenya Posts 2% Growth in Premiums
Liberty Kenya, one of Kenya's top insurers, posted a 2% growth in gross premiums to KSh11.2 billion in 2020. The firm's total income from net insurance premiums, investments, interest payments, [...]
Angaza Awards Top Finalists; Pooja Bhatt, 32
We recently released the list of the Top 10 Finalists of the Inaugral Angaza Awards which seeks to recognize the women shaping and steering the financial services industry. Number 10; [...]
Claims Settlement for Long Term Insurance Business Improve in Q4 2020
A report by the Insurance Regulatory Authority (IRA) shows that claims settlement in the long term Insurance business in Kenya improved in the 4th quarter of 2020 compared to the [...]Sanlam Kenya issues a Profit Warning as Pandemic hits its Returns
Sanlam Kenya, formerly Pan Africa Insurance Holdings, whose parent is Sanlam Group( South Africa), has noticed that its net profit for 2020 will drop by more than 25% compared to [...]Britam Announces Organisational Restructure Targeting Executive Team
Britam Holdings, one of East Africa's largest insurance companies, has announced a new organizational restructure that targets the executive team. According to a public statement released by the insurer, the [...]Linkham Group Acquires Majority Stake in Resolution Insurance
UK based insurance firm, Linkham Group, has announced plans to acquire a stake in Resolution Insurance after purchasing 100% of the equity holding in the company from private equity impact [...]ICEA Lion Life appoints George Nyakundi as new CEO
ICEA Lion Life has appointed George Nyakundi as the Company's new Chief Executive to take over from Justus Mutabari Mutiga, who has retired from the e-suite after 27 years with [...]Deloitte Warns of Negative Effects of Covid19 on Insurance Business
Deloitte has warned that COVID-19 will severely impact the profitability of underwriters in the region. While insurers have been able to absorb the underwriting impacts of large loss events, the [...]Britam Holdings Issues Profit Warning for 2020
Britam Holdings has issued a profit warning informing shareholders that earnings for this year will be lower than 2019 earnings. Company secretary Nancy Kiruki says based on a preliminary [...]Kenya Q2 Insurance Premiums Climb 3.2% to KSh121 Billion
Insurance premiums in Kenya increased by 3.2% in the second quarter of this year to KSh 121 billion from KSh 117.28 billion reported in Q2 2019. Gross premiums from Long [...]
