@vituvingisana; ICEALION is as professionally run as NIC.The two firms have strong governance structures hard wired in their operations. CIC lacks this. In the past CIC has been plagued with scandals and it seems nothing much has changed.

Did you bailout before slaughter? Or umekaa ngumu waiting to be wiped out and you can't even be resurrected?

when you are near the ground there is nowhere further you can fall to.

And the ground in NSE is zero which can't print when speaking in monetary terms but the lowest price being 0.05 shs. In Moi era language 5 cents....

It will rise again.
Now they are shifting their money yo government securities to benefit from the interest

Highlights from CIC Group CEO Tom Gitogo at yesterday's trading bell;
The profit warning is due to;
--Capping of interest rates on what banks can lend and offer to depositors has impacted on interest income.
--Bear run on the NSE
--Expenses incurred on key investments they have made like IT systems

The insurance market in kenya is over represented;
-Buyouts and acquisitions key

CIC group facing various challenges.Major challenges are fraud and price undercutting

The group business is being hurt by civil war in South Sudan.The company is though planning to expand there if peace prevails.

Marine insurance has offered a key opportunity growth

Insurers offering life policies are set to post higher 2016 full-year profits boosted by a change in the regulatory requirement in accounting for liabilities.

Some of the revisions have been prompted by the Insurance Regulatory Authority’s (IRA) requirement that all life insurers should prepare their 2016 full-year accounts based on the gross premium valuation (GPV), which analysts say is less conservative compared to the previous net premium valuation (NPV).

http://www.businessdaily...19734-ff8j47/index.html

A retraction on the earlier profit warning issued is coming

DJ spin the disc and continue playing the music we dance.
Leo tuko at 3.90