Insurance firms in the country have three months to boost their core capital requirements in line with the new risk based supervision model aimed at cushioning consumers.

According to the regulations, the minimum capitalization for general insurers has been doubled to 600 million shillings while life insurers have nearly been tripled to 400 million shillings.

The risk based capital supervision model introduced last year by the Insurance Regulatory Authority seeks to ensure that insurance firms maintain their capital resources at a level that matches the nature, scale, complexity and profile of the risk they underwrite.

And with the June deadline fast approaching; only Britam has so far fully complied with the law.

https://www.reinsurancen...aham-finances-1bn-deal/

South African life insurer Sanlam Ltd has announced plans to acquire the remaining 53.4% stake in SAHAM Finances, the insurance subsidiary of SAHAM Group, in a US $1.05 billion acquisition deal.

Sanlam_already owns a 46.6% stake in SAHAM Finances, and the companies have been partners since February 2016.

With a market capitalisation of over $16 billion, Sanlam is already a leading Pan-African financial services group, and the acquisition of this new insurance business, which operates over 26 countries and through 35 insurers, will significantly enhance its position on the continent.

Kenya Re results expected by the end of March [given the 3 month deadline for financial firms]
Same for Britam, Jubilee, etc

How is Mayfair insurance? And how does the link with the newly formed bank Mayfair bank work for them?

Mayfair Insurance targets corporates/groups as opposed to individuals...

I suppose Mayfair Bank will also target a niche market...