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 [...]Health Ministry Claims Relative Success in Battling Fraud in SHA, Private Hospitals Disagree
Private hospitals in Kenya are warning that the Social Health Authority’s (SHA) push to digitize payments and root out fraud without human oversight is straining facilities to the breaking point. [...]From Fertiliser Bags to Taxi Rides, the Fintech Revolution That’s Bringing Insurance to More Kenyans
Kenya’s smallholder farmers and gig economy workers may soon have more in common than meets the eye. In the last two months, the Ministry of Agriculture, Birdview Insurance, Maisha Poaand [...]Sanlam Kenya Half-Year Profits Drop 90%, Cuts Debt by 72%
Sanlam Kenya Plc posted a sharp drop in earnings for the first half of 2025, even as the insurer completed a major recapitalization and debt repayment drive that has reshaped [...]Liberty Kenya H1 Profit Falls 30% to KSh 428Mn as Claims Surge
Liberty Kenya Holdings Plc has reported a sharp decline in profit for the first half of 2025 as underwriting losses from higher motor and medical claims weighed on the listed [...]Eight Insurers Suspend Nairobi Hospital Over Tariff Hike as Governance Disputes Escalate
The Nairobi Hospital is facing simultaneous pressure from its largest medical insurance partners and internal governance challenges. According to Osano, independent comparisons showed the revised rates remain competitive against peer [...]
