Beyond Banking: How SBM Bancassurance Intermediary Ensures Financial Security with Seamless, Tailored Insurance Solutions
Imagine waking up to a reality that feels like a bad dream. Your car, that you parked safely outside your house the previous night has been stolen. Panic sets in [...]
Liberty Kenya Shareholders Set for Dual Dividend Boost After Tanzania Exit
Liberty Kenya Holdings Plc has announced plans to issue a special dividend of KSh 0.60 per share, tied to the proceeds of the sale of its 60% stake in Heritage [...]
NCBA IG Insurance Posts 477% Profit Growth in 2024
NCBA IG Insurance, formerly AIG Kenya, has posted a net profit of KSh 186.7 million, up from KSh 32.4 million a year earlier, for the year ended 31 December 2024. [...]Jubilee Health Insurance Doubles Profit in 2024
Jubilee Health Insurance (JHIL), a subsidiary of listed financial services company Jubilee Holdings, doubled its net profit to KSh 910 million in 2024, up from KSh 438 million in 2023. [...]Jubilee Holdings Reports Record KSh 6.2 Billion Net Profit in 2024, Dividend up 12.5%
Jubilee Holdings has announced a historic Profit Before Tax (PBT) of KSh 6.2 billion for 2024, a significant increase from KSh 2.8 billion in 2023. Key Financial Highlights Metric 2024 2023 [...]Turaco, M-Kopa Tech-Insurance Cover Gains One Million Subscribers In a Year
Turaco and M-Kopa’s tech-Insurance cover targeting everyday earners not able to access alternative products offered by big players in the private health insurance industry has gained one million customers in a [...]
High Court Appoints Liquidator for Xplico Insurance
Diana Nduku Mumo has been appointed interim liquidator of Xplico Insurance, marking a significant step in the troubled insurer’s long-running financial woes. “From the evidence contained in the supporting affidavit, [...]Sanlam Share Price up 11% After First Profit in 5 years
Sanlam’s share price jumped 11.4% on Thursday after reporting an increase in net profit to KSh 1.05 billion in 2024 from a loss of KSh 126.6 million in 2023. “The [...]Court Orders Return of KSh 36mn in Resolution Insurance's Liquidation
The High Court has ruled that the Policyholders Compensation Fund (PCF) must return Kshs. 36 million to the estate of Resolution Insurance, after determining that the withdrawals made from the [...]Importers Now Have to Get Marine Cargo Insurance from Local Firms
Starting February 14th 2025, all Kenyan importers are expected to get Marine Cargo insurance from local firms to cover their commodities. “The move will streamline the process and ensure that [...]Small Businesses Warm Up to Insurance Against Political, Economic Risks-Survey
Small and Growing businesses (SGBs) are increasingly taking insurance against political and economic risks as a hedge against loss of revenue and property, a new survey by WYLDE International and [...]Allianz to Increase Stake in Sanlam Kenya
Allianz Europe BV, part of the Allianz Group, a global leader in insurance and asset management, has announced its intent to increase its indirect shareholding in Sanlam Kenya Plc from [...]
