wazua Tue, Mar 24, 2026
Welcome Guest Search | Active Topics | Log In

26 Pages«<910111213>»
Insurance Counters at NSE - Valuation & recommendation
Options
Previous Topic · Next Topic
Angelica _ann
#101 Posted : Monday, July 08, 2013 12:04:50 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Got in to CFCI @ <10 bob the other day. 20 bob can be sweet music...
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
  |
mibbz
#102 Posted : Tuesday, July 09, 2013 11:51:45 AM
Rank: Member

Joined: 2/18/2011
Posts: 448
Been reading up on bancassurance and applying it to the Kenyan context,even saw Co-op-CIC add on tv as regards the above.so tried to reason if

CIC = co-op
CFC-I(Liberty) = CFC
Old Mutual = Faulu
Britam = Equity/HFCK

what about:
UAP=?
Pan Africa= ?
Jubilee =?

I ask the above in the context of the 25% cap on DTM that has resulted in the offering of shares for sale to strategic investors by the same DTMs as faulu did above,the upcoming ammendment to Insurance act to allow foreign entities to own more than 60% of an insurance company,and lastly Jubilee was once in papers last month looking to acquire a rival/complementary firm so as to increase its network.....What sayeth thee? up coming M n A?
Back to top
  |
mwekez@ji
#103 Posted : Tuesday, July 09, 2013 11:59:05 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mibbz wrote:
Been reading up on bancassurance and applying it to the Kenyan context,even saw Co-op-CIC add on tv as regards the above.so tried to reason if

CIC = co-op
CFC-I(Liberty) = CFC
Old Mutual = Faulu
Britam = Equity/HFCK

what about:
UAP=?
Pan Africa= ?
Jubilee =?

I ask the above in the context of the 25% cap on DTM that has resulted in the offering of shares for sale to strategic investors by the same DTMs as faulu did above,the upcoming ammendment to Insurance act to allow foreign entities to own more than 60% of an insurance company,and lastly Jubilee was once in papers last month looking to acquire a rival/complementary firm so as to increase its network.....What sayeth thee? up coming M n A?


Jubilee = DTB

Updates on the M&A are welcomed
Back to top
  | | Edit by user: Tuesday, July 09, 2013 12:07 PM | Reason: Not specified
Ericsson
#104 Posted : Tuesday, July 09, 2013 4:25:41 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Pan Africa=Family Bank.They own 3% of the bank.
Pan Africa=Probably KCB
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
mwekez@ji
#105 Posted : Friday, July 12, 2013 9:19:26 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Insurance 2013 Awards Gala

UAP insurance emerged the overall winner at the awards ceremony, clinching the General Insurer of the year for the second year running. The company also won the consumer satisfaction award and the socially responsible corporate award.

Jubilee Insurance clinched seven awards and led in five categories including, ICT, risk management, fraud detection, prevention initiatives, medical insurance underwriter and composite insurer of the year awards.

Other winners were Kenindia Assurance, feted for having the greatest absolute profit jump, Corporate Insurance, Madison Insurance, CFC Life Assurance and Chancery Wright Insurance brokers, with the Company’s founder and Chairman Mr John Murenga, being feted with the lifetime achievement award.
Back to top
  |
youcan'tstopusnow
#106 Posted : Sunday, July 21, 2013 11:38:28 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
A local subsidiary of Nigeria’s Continental Reinsurance Company is lobbying for enactment of legislation requiring oil exploration firms to contract at least part of their insurance business to Kenyan firms.
Continental Reinsurance Kenya managing director Callisto Ogaye said Kenyan firms stand to lose out on oil sector insurance contracts if such a law is not passed.
The Kenyan insurance industry currently has total net assets of Sh40 billion, which would be hardly sufficient to cover a typical large claim in the oil industry.
http://www.businessdaily.../-/9y2n9yz/-/index.html
GOD BLESS YOUR LIFE
Back to top
WWW
  |
Cde Monomotapa
#107 Posted : Monday, July 22, 2013 7:45:15 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
A local subsidiary of Nigeria’s Continental Reinsurance Company is lobbying for enactment of legislation requiring oil exploration firms to contract at least part of their insurance business to Kenyan firms.
Continental Reinsurance Kenya managing director Callisto Ogaye said Kenyan firms stand to lose out on oil sector insurance contracts if such a law is not passed.
The Kenyan insurance industry currently has total net assets of Sh40 billion, which would be hardly sufficient to cover a typical large claim in the oil industry.
http://www.businessdaily.../-/9y2n9yz/-/index.html

YesS! Malocals! YesS!!
Back to top
  |
mwekez@ji
#108 Posted : Monday, July 22, 2013 10:03:50 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Quote:
Kenya Reinsurance Company last year announced plans to deepen its role in the oil and gas sector in the region by providing reinsurance for the upstream oil industry.

The publicly listed reinsurer engaged Total Risk Solutions, an Australian risk management consulting firm, to train its staff on the necessary skills and expertise to underwrite the industry.

;-)
Back to top
  |
mwekez@ji
#109 Posted : Thursday, July 25, 2013 10:23:43 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
German PE fund eyes Resolution Insurance shares

ADC is the latest foreign investor to seek control of a local insurer, with the international investors seeking to capture a larger market share in the regional market from a base in Nairobi.

Last year, Morocco-based Saham Finances acquired a 66.6 per cent stake in Mercantile Insurance from the family of the late Lalit Pandit in a multi-million-shilling deal.

South Africa’s Sanlam Limited is also in the process of raising its stake in Pan Africa Insurance to 60 per cent from the previous 50 per cent.
Back to top
  |
Ericsson
#110 Posted : Friday, July 26, 2013 11:59:14 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Most of these insurance firms being bought out had an insignificant market share.I see alot of consolidation taking place or will have a tier system of insurance companies same case we have with the banks
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
26 Pages«<910111213>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.