Jubilee Health Insurance Profit Up 29% to KSh 438 Million
Jubilee Health Insurance net earnings for the financial year 2023 increased 29 per cent to KSh 438 million up from KSh 339 million during a similar period last year. Speaking [...]
Britam's Net Profit Jumps to KSh 3.3 Billion for Full Year 2023
Britam Holdings Plc has posted a KSh 3.3 billion net profit for the year ended 31 December 2023, from the KSh 1.7 billion recorded in the previous financial year ended [...]Xplico Insurance's Liquidation Petition to Come Up in May
A petition seeking the liquidation of Xplico Insurance company will be heard on 7 May 2024, according to Kenya Gazette notice dated 22 March. Before its troubles, Xplico was a [...]Smallholder Farmers on Insurance-Backed Loans Less Likely to Default- Study
Embedding insurance into loans boosts financial resiliency and improves healthcare access for Africa’s unbanked population while simultaneously de-risking lending portfolios, according to a new report by Turaco, a pan-African insurtech. [...]Collapsed Insurer Resolution Insurance Gets Liquidator to Oversee Claims
The creditors of financial challenged insurer, Resolution Insurance Company could soon make progress on their unsettled claims following the naming of an interim liquidator to begin the process. The firm [...]Britam Appoints Hilda Njeru as Director Legal, Company Secretary
Britam Holdings Plc Board of Directors has appointed Hilda M. Njeru as the Director Legal and Group Company Secretary with immediate effect. Britam said in a statement that Hilda’s appointment [...]
IRA Places Xplico Insurance Under Statutory Management
The Insurance Regulatory Authority. (IRA) has placed Xplico Insurance under statutory management and appointed the Policyholders Compensation Fund (PCF) as the Statutory Manager for Xplico Insurance Company Limited. Troubles for [...]Britam Appoints Judy Rugasira Kyanda as Non-Exec. Director
Britam Board of Directors has appointed Judy Rugasira Kyanda as an independent non-executive director. She has engaged with boards both at management and leadership levels, having shared as chair of [...]CIC Insurance to Downsize Workforce by 10%
CIC Insurance Group Plc, a leading insurance firm listed at the Nairobi Securities Exchange (NSE), has begun a staff rationalization program that will see it reduce its workforce by 75 [...]Sanlam and Allianz Merger in Africa Takes Effect
In a move aimed at strengthening their presence on the African continent, Sanlam Limited and Allianz SE have announced the creation of the Sanlam Allianz Africa joint venture after receipt [...]Britam Holdings HY 2023 Net Profit up 300% to KSh 1.6 billion
Britam Holdings Plc recorded a rise in half-year net profit to KSh 1.6 billion at the close of the six-month period ended 30th June 2023 from KSh 377.9 million in [...]Insurance Firms in Kenya Sell Covers Worth KSh 312 Billion in 2022 Report
Insurance firms in Kenya underwrote premiums worth KSh 312 billion in 2022 up from KSh 275 billion in 2021, according to the latest data from the Association of Kenya Insurers [...]
