KDIC Updates Deposit Insurance Coverage Through June 2026
The Kenya Deposit Insurance Corporation (KDIC) has published the official list of institutions whose deposits are insured up to 30 June 2026. Deposits placed in these institutions are protected under [...]
Wafa Assurance's US$317mn Acquisition of Egypt's Delta Puts Kenya’s Insurers on Alert
The planned takeover of Egypt’s Delta Insurance by Morocco’s Wafa Assurance has drawn scrutiny from the COMESA Competition Commission, as it raises questions not only about competition in North Africa [...]
Kenya To Raise Compensation Limits to Bolster Trust in the Financial Sector
Regulators are moving to reinforce the Policyholders’ Compensation Fund, which protects insurance customers in the event of an insurer collapse, by raising the compensation ceiling from KSh 250,000 to KSh [...]Sanlam Kenya to Rebrand to Sanlam Allianz
Sanlam Kenya Plc has called an extraordinary general meeting (EGM) for 9 October 2025 to seek shareholder approval to change its name to Sanlam Allianz Holdings (Kenya) Plc. In 2022, [...]Kenya's Insurance Fraud Cases Dip, Industry Profits Quadruple
Kenya’s insurance industry recorded a sharp decline in reported fraud cases in the final quarter of 2024, as firms posted record profits boosted by government bond investments, according to the [...]SanlamAllianz Gains 100% Control of Jubilee Allianz Companies
Jubilee Holdings has completed the sale of its remaining stakes in Jubilee Allianz subsidiaries to SanlamAllianz Africa, fully exiting the general insurance market. For real time market updates and analysis, [...]Kenya Re Suspends Managing Director Dr. Hillary Wachinga for 21 Days
Listed reinsurance company Kenya Reinsurance Corporation Ltd (Kenya Re) has suspended its managing director, Dr. Hillary Maina Wachinga, for 21 days as the board reviews what it called “internal matters.” [...]NCBA's LOOP to Embed Asset Financing, Insurance
Global insurtech firm, Bolttech, is extending its African footprint by entering the Kenyan market through a partnership with LOOP, the digital banking service of NCBA Bank. “This partnership enables us [...]Britam Half-Year Profit Slips 14% to 1.74 Bn on Rising Finance Costs
Listed financial services firm Britam Holdings Plc has posted a profit after tax of KSh 1.74Bn for the six months ended June 30, 2025, a 14% decline from KSh 2.01Bn [...]Kenya Re Half-Year Profit Rises 50% to KSh 1.58 Billion as FX Losses Ease
Listed reinsurance company Kenya Re has posted a 50% growth in profit after tax to KSh 1.58 billion for the six months ended 30 June 2025 from KSh 1.06 billion [...]CIC H1 Profits Down 10% as Investments, Asset Management Cushion Insurance Cost
CIC Insurance Group posted a mixed set of half-year results, with investment and asset management income helping offset rising insurance costs. For real time market updates and analysis, join our [...]Profits Plunge by 98% at Old Mutual on Insurance Pressures
Listed financial services group Old Mutual Holdings PLC has posted a sharp earnings decline for the half year ended June 30, 2025, weighed down by weaker profitability despite a turnaround [...]
