Linkham Group Completes Acquisition of Stake in Resolution Insurance Kenya
Linkham Group, a Mauritius headquartered global insurance services firm, has confirmed the completion of its acquisition of a majority stake in Resolution Insurance Kenya. The deal will see Linkham Group [...]
CIC Insurance Group Names Dr Nelson Kuria as Chairman of its Board
CIC Insurance Group has picked Dr Nelson Kuria as the new Chairman of its board of directors with effect from 29th June 2021. Dr Kuria takes over from Japheth Magomere [...]
South African Firm Seeks to Acquire 84.2 Million Shares in Liberty Kenya
Liberty Holdings, a leading South African financial services company and a major shareholder in Liberty Kenya Holdings seeks to purchase an additional 84.2 million shares in Liberty Kenya Holdings through [...]Adja Samb Appointed CEO Jubilee Allianz General Insurance Limited, Kenya
Jubilee Allianz General Insurance Limited, Kenya, has appointed Adja Samb as the new Chief Executive Officer, effective July 1st, 2021. She will succeed Catherine Igathe, the current CEO of Jubilee [...]NHIF Contributors to get 15% Tax Relief- Proposes Finance Bill 2021
National Hospital Insurance Fund(NHIF) contributors will get tax relief beginning January 2022 if the Finance Bill 2021 proposals are passed into law. Kenya's Finance Bill 2021 was published on 5th [...]Kenyan Insurtech startup Lami Technologies closes $1.8 million seed funding
Lami Technologies, a Kenyan insurance technology (insurtech) company that aims to democratize insurance products and services for low-income Kenyans, announced today it has raised $1.8 million in seed funding. The [...]
Hellena Mzena appointed Jubilee Life Insurance (Tanzania) CEO
The Board of Jubilee Life Insurance Corporation of Tanzania Limited has announced the appointment of Ms Helena Christopher Mzena as the firm's Chief Executive Officer. Ms Mzena has been the [...]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 [...]
