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 [...]AM Best issues negative rating to Kenya Re
Poor technical performance of Kenya Reinsurance Corporation (Kenya Re) in recent years, demonstrated by non-life underwriting results that have been weaker for two years running, as earned it a negative [...]Rise in Claims Slows Down Mayfair Insurance Earnings
Mayfair Insurance realized a modest rise in net earnings to KSh Sh359.5 Million down from KSh361.8 Million the previous year. This is as net claims and policyholders' benefits increased from [...]IRA Offers Relief to Policy Holders
The Insurance Regulatory Authority (IRA) has offered a three-month break in the payment of premiums by policyholders who might be facing financial strains due to COVID-19. According to IRA CEO, [...]AAR Insurance Reports Ksh 517M FY Profit
AAR Insurance reported a net profit of Ksh517 million for FY2019 compared to Ksh253 loss recorded in 2018. The financial report also reveals that profit before tax rose to Ksh [...]
Proposed tax to hit brokers in Stocks, Insurance, Tea Coffee Auctions
The Tax (Amendment) Bill 2020 proposal to introduce Value Added Tax (VAT) on brokerage services, continues to draw sharp reactions from dealers at the Nairobi Securities Exchange(NSE) as well as [...]Britam Reports KSh 3.3 billion profit from loss territory
British American Insurance Company (BRITAM), a leading insurance underwriter, made a profit of KSh 3.5 Billion from a loss of KSh 2.2 Billion at the end of the financial year [...]Prudential Unveils Extra Benefits To Shelter Clients Against COVID-19
Clients to receive one-off cash benefit of KSh 10,000 if they test positive for coronavirus KSh 2,500 daily if hospitalised or quarantined in a government facility KSh 5,000 per day [...]
