Sanlam Reports KSh 99 Million Loss in H1 2020 as Expenses Rise
Sanlam Kenya PLC has reported a loss of KSh 99.14 million in 2020 H1, down from a profit of KSh 639.67 million in the same period last year. The losses [...]
Britam General Insurance Appoints Jackson Theuri as New CEO
The Board of Directors of insurance underwriter, Britam, has appointed Jackson Theuri as the new Chief Executive Officer of Britam General Insurance Company Limited. Theuri, who joined the firm two [...]
LeapFrog Africa to Acquire 24% Stake in ICEA Lion
ICEA Lion Insurance Holdings has entered a partnership with LeapFrog Strategic Africa Investment (LSAI), which will see LSAI acquire 24% shareholding in ICEA Lion. An announcement from ICEA Holdings Chairman [...]New Twist as Nairobi Hospital Suspends Jubilee Insurance over KSh357 Million Debt
Nairobi Hospital has suspended its services for Jubilee Insurance card holders, citing unpaid debts of up to KSh357 million that have accrued over a period of three years (since 2018). [...]How to Claim Income Tax Reliefs for Your Insurance
The inevitable things in life are income tax and death. In ancient times, taxes were levied, but today we need to pay taxes for every item as non-payment can lead [...]CIC Group Appoints Patrick Nyaga as its New CEO
The Board of CIC Insurance Group has announced the appointment of Mr Patrick Nyaga as the Group Chief Executive Officer with effect from 22nd June, 2020. Mr Nyaga, who, has [...]Kenya Re Projects 5% Revenue Decline from COVID-19
Reinsurer, Kenya Re, expects to lose KSh1 billion in revenue from growing claims and rebates on premiums due to the pandemic. According to the Company Managing Director, Jadia Mwarania, the [...]Jubilee Holdings 2019 Net Earnings Drop to KSh 4 Billion
A rise in claims and negative returns from investment activities hit net earnings of Jubilee Holdings Limited resulting in a slight fall in net earnings from KSh 4.1 Billion to [...]Mukami Njeru, TASK’s Vice President, Joins Actuarial Global Body
Mukami Njeru has joined the board of a global actuarial body. She was the only African elected in the Institute and Faculty of Actuaries (IFoA) Council and is expected to [...]Britam Plc Appoints New Deputy Chairman
Britam Holdings Plc has announced the appointment of Mr Mohamed Said Karama as the Board's Deputy Chairman, in accordance with Articles 116 of the company's Articles of Association. His appointment [...]4G Capital Introduces Micro Health Insurance
Nairobi headquartered Fintech firm 4G Capital has partnered with Kenya's micro-insurance startup, Turaco, to offer micro health insurance to their clients in Kenya. The cover, whose cost of a 12-month [...]Proposal to freeze interest on Kenya Govt paper draws wrath of Insurers Lobby Group
A proposal by the Government to defer interest payments on its debt papers held by insurance firms in the form of pension funds has drawn sharp criticism from the powerful [...]
