wazua Thu, Apr 9, 2026
Welcome Guest Search | Active Topics | Log In

59 Pages«<4546474849>»
Cic
Options
Previous Topic · Next Topic
youcan'tstopusnow
#461 Posted : Friday, June 22, 2012 1:29:20 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
IRA gets some wide-ranging powers.
http://www.businessdaily.../-/246flgz/-/index.html
GOD BLESS YOUR LIFE
Back to top
WWW
  |
hisah
#462 Posted : Friday, June 22, 2012 5:12:18 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
IRA gets some wide-ranging powers.
http://www.businessdaily.../-/246flgz/-/index.html

Good stuff to put more order in the insurance sector thus boosting investor confidence.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
youcan'tstopusnow
#463 Posted : Sunday, July 08, 2012 1:17:34 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Three Kenyan insurance
firms are eyeing Tanzania as their first market in their regional expansion strategy.
UAP, CIC and APA Insurance companies are in talks with local firms in Tanzania to get a piece of the market.
http://www.theeastafrica.../-/1svprlz/-/index.html
GOD BLESS YOUR LIFE
Back to top
WWW
  |
PKoli
#464 Posted : Sunday, July 08, 2012 2:28:41 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
youcan'tstopusnow wrote:
Three Kenyan insurance
firms are eyeing Tanzania as their first market in their regional expansion strategy.
UAP, CIC and APA Insurance companies are in talks with local firms in Tanzania to get a piece of the market.
http://www.theeastafrica.../-/1svprlz/-/index.html


I think political uncertainity in S Sudan makes Tz a more compromise expansion region.
Back to top
  |
guru267
#465 Posted : Sunday, July 08, 2012 4:21:27 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Question:What is common about all growing insurance companies in Kenya like CIC??

Answer: They all must re insure at least 18% of their policies with Kenya Re... smile

E&OE
Mark 12:29
Deuteronomy 4:16
Back to top
  |
Layman
#466 Posted : Sunday, July 08, 2012 9:29:21 PM
Rank: Member

Joined: 9/21/2006
Posts: 422
Location: Nairobi
guru267 wrote:
Question:What is common about all growing insurance companies in Kenya like CIC??

Answer: They all must re insure at least 18% of their policies with Kenya Re... smile

E&OE


You are on the right track, its 18% of their reinsurance programmes not policies. Reinsurance programes are approximately 7% of premium written (policies) (eg CIC could write abt 8 billion a year hence reinsurance programme is abt 560mln mln So if Kenya Re get 18%, its the 18% of the 7% which is appx 100 million Kshs.
Back to top
  | | Edit by user: Sunday, July 08, 2012 9:31 PM | Reason: Not specified
PKoli
#467 Posted : Sunday, July 08, 2012 11:34:26 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
guru267 wrote:
Question:What is common about all growing insurance companies in Kenya like CIC??

Answer: They all must re insure at least 18% of their policies with Kenya Re... smile

E&OE


I thought this arrangement of insurance companies with Kenya Re was to end sometime soon, was it re-negotiated?
Back to top
  |
PKoli
#468 Posted : Monday, July 09, 2012 12:56:54 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
Has the listing date been firmed up at 19th July or there is a possibility of further postponement? Any one lucky enough to have talked with guys at CIC or their transaction advisers?
Back to top
  |
speculator
#469 Posted : Monday, July 09, 2012 1:08:42 PM
Rank: New-farer

Joined: 12/1/2009
Posts: 75
Location: nairobi
PKoli wrote:
Has the listing date been firmed up at 19th July or there is a possibility of further postponement? Any one lucky enough to have talked with guys at CIC or their transaction advisers?

Adverts on radio this morning. So the deal is on!!!
Back to top
  | | Edit by user: Monday, July 09, 2012 1:09 PM | Reason: Not specified
PKoli
#470 Posted : Monday, July 09, 2012 1:12:48 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
speculator wrote:
PKoli wrote:
Has the listing date been firmed up at 19th July or there is a possibility of further postponement? Any one lucky enough to have talked with guys at CIC or their transaction advisers?

Adverts on radio this morning. So the deal is on!!!


Great. I hope we will see more ads in the paper.
Back to top
  |
59 Pages«<4546474849>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.