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cic insurance @ 5sh cheap stock or value trap?
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Ericsson
#71 Posted : Wednesday, October 05, 2016 9:59:39 PM
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Joined: 12/4/2009
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Location: NAIROBI
Forgot to say that KCB also becomes main banker of CIC in addition to coop bank
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Ericsson
#72 Posted : Friday, November 11, 2016 11:09:23 AM
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Location: NAIROBI
CIC insurance says it has capacity to insure marine cargo to the tune of sh.1bn of a single cargo
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VituVingiSana
#73 Posted : Friday, November 11, 2016 11:40:07 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Ericsson wrote:
CIC insurance says it has capacity to insure marine cargo to the tune of sh.1bn of a single cargo
Only if they reinsure it so they spread the risk. A ship that sinks with 1bn [cargo + ship + lives] could sink CIC if they took 100% of the risk on their books.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#74 Posted : Friday, November 11, 2016 11:45:27 AM
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Location: NAIROBI
@VVS
That year they will declare very minimal profits.
Their partnesrhips with re-insurance company will be key especially Kenya Re since they have a good long relationship
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