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Ericsson		#121 Posted : Friday, October 22, 2021 5:26:06 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: My 2 cents wrote: Ericsson wrote: My 2 cents wrote: How do you know? Just answer in a straight forward manner. Check the annual report of list of shareholders. Check the latest and previous. This is in their website Great 2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots. Board seats they need minimum 10%. Do you have any source to back up that 10% can get them a board seat? I know you said "minimum" but that means little in this context since GoK clearly has 50%+ If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya. Britam years back expressed intention but little information is available on what happened. https://www.businessdail...n-nigerian-firm-2055952 What's the connection between Continental Re and Kenya Re? If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots. Isn't the point of investing to buy cheap and unlock value? Yes, You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re? Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums? No they don't. There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers. Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz. Not that easily as you have mentioned. Allianz Kenya is an insurance company,so how does it reinsure Yes, it is that easy. It's not rocket science. Who said Jubilee should reinsure with Allianz KE? Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html If it's that easy,give example of such an arrangement that has been done locally. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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My 2 cents		#122 Posted : Friday, October 22, 2021 7:01:30 PM
Rank: Veteran Joined: 6/2/2010 Posts: 1,089		Incidentally Kenya-Re's market share has been dropping. It is now at 16% of the Kenyan market. I wonder who is chipping away at their share.
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Ericsson		#123 Posted : Friday, October 22, 2021 9:10:59 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		My 2 cents wrote: Incidentally Kenya-Re's market share has been dropping. It is now at 16% of the Kenyan market. I wonder who is chipping away at their share. East Africa Re Continental Re Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#124 Posted : Friday, October 22, 2021 11:53:07 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: My 2 cents wrote: Ericsson wrote: My 2 cents wrote: How do you know? Just answer in a straight forward manner. Check the annual report of list of shareholders. Check the latest and previous. This is in their website Great 2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots. Board seats they need minimum 10%. Do you have any source to back up that 10% can get them a board seat? I know you said "minimum" but that means little in this context since GoK clearly has 50%+ If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya. Britam years back expressed intention but little information is available on what happened. https://www.businessdail...n-nigerian-firm-2055952 What's the connection between Continental Re and Kenya Re? If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots. Isn't the point of investing to buy cheap and unlock value? Yes, You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re? Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums? No they don't. There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers. Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz. Not that easily as you have mentioned. Allianz Kenya is an insurance company,so how does it reinsure Yes, it is that easy. It's not rocket science. Who said Jubilee should reinsure with Allianz KE? Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html If it's that easy, give example of such an arrangement that has been done locally. UAP Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#125 Posted : Saturday, October 23, 2021 8:49:01 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: My 2 cents wrote: Ericsson wrote: My 2 cents wrote: How do you know? Just answer in a straight forward manner. Check the annual report of list of shareholders. Check the latest and previous. This is in their website Great 2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots. Board seats they need minimum 10%. Do you have any source to back up that 10% can get them a board seat? I know you said "minimum" but that means little in this context since GoK clearly has 50%+ If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya. Britam years back expressed intention but little information is available on what happened. https://www.businessdail...n-nigerian-firm-2055952 What's the connection between Continental Re and Kenya Re? If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots. Isn't the point of investing to buy cheap and unlock value? Yes, You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re? Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums? No they don't. There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers. Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz. Not that easily as you have mentioned. Allianz Kenya is an insurance company,so how does it reinsure Yes, it is that easy. It's not rocket science. Who said Jubilee should reinsure with Allianz KE? Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html If it's that easy, give example of such an arrangement that has been done locally. UAP UAP reinsurance business is split between Kenya Re,Zep Re and Africa Re. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#126 Posted : Sunday, October 24, 2021 12:46:28 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: My 2 cents wrote: Ericsson wrote: My 2 cents wrote: How do you know? Just answer in a straight forward manner. Check the annual report of list of shareholders. Check the latest and previous. This is in their website Great 2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots. Board seats they need minimum 10%. Do you have any source to back up that 10% can get them a board seat? I know you said "minimum" but that means little in this context since GoK clearly has 50%+ If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya. Britam years back expressed intention but little information is available on what happened. https://www.businessdail...n-nigerian-firm-2055952 What's the connection between Continental Re and Kenya Re? If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots. Isn't the point of investing to buy cheap and unlock value? Yes, You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re? Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums? No they don't. There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers. Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz. Not that easily as you have mentioned. Allianz Kenya is an insurance company,so how does it reinsure Yes, it is that easy. It's not rocket science. Who said Jubilee should reinsure with Allianz KE? Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html If it's that easy, give example of such an arrangement that has been done locally. UAP UAP reinsurance business is split between Kenya Re,Zep Re and Africa Re. Isn't there a requirement to use Zep Re just as one has to use Kenya Re? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#127 Posted : Sunday, October 24, 2021 7:22:32 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: My 2 cents wrote: Ericsson wrote: My 2 cents wrote: How do you know? Just answer in a straight forward manner. Check the annual report of list of shareholders. Check the latest and previous. This is in their website Great 2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots. Board seats they need minimum 10%. Do you have any source to back up that 10% can get them a board seat? I know you said "minimum" but that means little in this context since GoK clearly has 50%+ If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya. Britam years back expressed intention but little information is available on what happened. https://www.businessdail...n-nigerian-firm-2055952 What's the connection between Continental Re and Kenya Re? If they want a bigger stake in a reinsurance firm and don't want a firm where Gok has control/calls the shots. Isn't the point of investing to buy cheap and unlock value? Yes, You can also buy and have synergy with it for example directing their reinsurance business through a company they have a stake in to lock in the money or profits That would simply be concentrating their risk that they would to reinsure. Why not keep buying Kenya Re which is cheap on a NAV basis vs paying full price for Continental Re? Doesn't Jubilee have the option of not reinsuring with anyone (except for Kenya Re) if it wants to retain more of the premiums? No they don't. There are some business because of their value/worth a portion of it you have to reinsure with two or more reinsurers. Jubilee isn't in charge of "General Business" (51% in Kenya sold to Allianz). The Life and Medical to be reinsured can easily be shared between Kenya Re and Allianz. Not that easily as you have mentioned. Allianz Kenya is an insurance company,so how does it reinsure Yes, it is that easy. It's not rocket science. Who said Jubilee should reinsure with Allianz KE? Allianz (the partner and fellow shareholder) is a HUGE firm with a reinsurance arm https://www.allianzre.com/en_GB.html If it's that easy, give example of such an arrangement that has been done locally. UAP UAP reinsurance business is split between Kenya Re,Zep Re and Africa Re. Isn't there a requirement to use Zep Re just as one has to use Kenya Re? Yes Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#128 Posted : Tuesday, October 26, 2021 11:49:47 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Ericsson wrote: VituVingiSana wrote: Ericsson wrote: VituVingiSana wrote: My 2 cents wrote: Ericsson wrote: [quote=My 2 cents]How do you know? Just answer in a straight forward manner. Check the annual report of list of shareholders. Check the latest and previous. This is in their website Great 2% but GoK has 60%. I hope JHL can buy 26% and get some board seats but GoK still calls the shots. Board seats they need minimum 10%. Do you have any source to back up that 10% can get them a board seat? I know you said "minimum" but that means little in this context since GoK clearly has 50%+ If they want a bigger stake they could explore the other reinsurers such as Continental Re Kenya. Britam years back expressed intention but little information is available on what happened. https://www.businessdail...n-nigerian-firm-2055952[/quote] Britam executed the transaction and owns 35% of Continental Re Kenya Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#129 Posted : Monday, March 07, 2022 5:58:24 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Jubilee Holdings has acquired an additional 10% shareholding in broadband submarine sea cable SEACOM,raising it's shareholding to the internet infrastructure venture to 18.8%. SEACOM leverages cloud technology to equip small to medium enterprises with cost-effective, simple to integrate business tools that rapidly extend their reach. We are very pleased with this additional investment in SEACOM, which has been a key player for modernization of African businesses for a number of countries, and we have confidence in the business's growth trajectory ~ Jubilee Holdings Group Chairman Nizar Juma Jubilee Holdings is acting through IPS Cable System Ltd, which has acquired SEACOM Holding Ltd (Mauritius) shareholding amounting to 10 percent https://pbs.twimg.com/me...ormat=jpg&name=small Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#130 Posted : Wednesday, March 30, 2022 9:08:57 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Jubilee Holdings to announce FY2021 results tomorrow after market close Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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