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I&M Holdings FY17
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? Deals deals deals Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Buy expensive...the seller then "refunds" the principal shareholders directly...everyone is happy! Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 8/16/2011 Posts: 2,386
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker?  You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'.
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'.  I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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VituVingiSana wrote:Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'. I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Do not turn against your own investment decision
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'. I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Do not turn against your own investment decision Nonsense. One should question silly decisions by an investee. When I held KQ, I did question "Project Mawingu" and then when I realized the scope of the debt/disaster, I bailed out. I have questioned KenRe sacking Mwarania. I worry that the new CEO will be a puppet of Arap Grabbiosus. Look at KPLC. I did not support Unga's acquisition of Ennsvalley but it was manageable even though unwelcome. I am still in I&M coz these (except Giro) are "small" acquisitions that will not severely hurt the profitability BUT it also concerns me. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'. I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Do not turn against your own investment decision Nonsense. One should question silly decisions by an investee. When I held KQ, I did question "Project Mawingu" and then when I realized the scope of the debt/disaster, I bailed out. I have questioned KenRe sacking Mwarania. I worry that the new CEO will be a puppet of Arap Grabbiosus. Look at KPLC. I did not support Unga's acquisition of Ennsvalley but it was manageable even though unwelcome. I am still in I&M coz these (except Giro) are "small" acquisitions that will not severely hurt the profitability BUT it also concerns me. Makes sense. All the best with your investment journey @vvs
KQ ABP 4.26
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Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'. I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Do not turn against your own investment decision Nonsense. One should question silly decisions by an investee. When I held KQ, I did question "Project Mawingu" and then when I realized the scope of the debt/disaster, I bailed out. I have questioned KenRe sacking Mwarania. I worry that the new CEO will be a puppet of Arap Grabbiosus. Look at KPLC. I did not support Unga's acquisition of Ennsvalley but it was manageable even though unwelcome. I am still in I&M coz these (except Giro) are "small" acquisitions that will not severely hurt the profitability BUT it also concerns me. IOW, @vvs is saying that investment is NOT like the KANU siasa of "Baba na Mama"!
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Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
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chiaroscuro wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'. I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Do not turn against your own investment decision Nonsense. One should question silly decisions by an investee. When I held KQ, I did question "Project Mawingu" and then when I realized the scope of the debt/disaster, I bailed out. I have questioned KenRe sacking Mwarania. I worry that the new CEO will be a puppet of Arap Grabbiosus. Look at KPLC. I did not support Unga's acquisition of Ennsvalley but it was manageable even though unwelcome. I am still in I&M coz these (except Giro) are "small" acquisitions that will not severely hurt the profitability BUT it also concerns me. IOW, @vvs is saying that investment is NOT like the KANU siasa of "Baba na Mama"! But if one chooses to consistently invest in dubious firms.. Huyo tutamsaidiaje
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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obiero wrote:chiaroscuro wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Realtreaty wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:What's this nonsense? Why buy an insurance broker? @vvs Ever heard of the term bancassurance? KCB, COOP are doing it so why not I&M #KuweniSerious I&M offered bancassurance under I&M Insurance Agency. Check their website. Or ask at a branch. Why buy an insurance broker? You do that to win and expand customer base. The customers of that broker will automatically find themselves riding in the new 'high capacity bus'. I have long given up what your posts & conspiracies mean. What does an insurance broker bring to I&M Bank that the I&M Ins Agency didn't have? IMIA could easily hire brokers who are a dime a dozen. IMIA could enter in "agency" agreements with lots of insurance firms. I could understand it if I&M bought an insurance firm to become a financial supermarket since insurance firms have float that needs investing. They also need banking services and cross-selling [car loans, mortgages, etc] is easier. Equity has a huge bancassurance business without the need to buy an agency! I&M bought Burbridge Capital which has probably done ZERO deals since it was bought. I&M bought Giro Bank. It made little sense. For the same cash, it could have picked up a larger bank. That said, the interest rate cap law was a surprise for most banks. Do not turn against your own investment decision Nonsense. One should question silly decisions by an investee. When I held KQ, I did question "Project Mawingu" and then when I realized the scope of the debt/disaster, I bailed out. I have questioned KenRe sacking Mwarania. I worry that the new CEO will be a puppet of Arap Grabbiosus. Look at KPLC. I did not support Unga's acquisition of Ennsvalley but it was manageable even though unwelcome. I am still in I&M coz these (except Giro) are "small" acquisitions that will not severely hurt the profitability BUT it also concerns me. IOW, @vvs is saying that investment is NOT like the KANU siasa of "Baba na Mama"! But if one chooses to consistently invest in dubious firms.. Huyo tutamsaidiaje I agree! Do you mean a firm that has consistently made losses for 6 years? Needed a huge bailout from lenders? Can't pay a dividend for at least another 3 years? Can't compete well against its peer from Ethiopia? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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