Tag: Allianz


Allianz Takes Control Of Jubilee’s General Insurance Business In East Africa

Underwriter Allianz has taken control of Jubilee Insurance Mauritius Limited after purchasing 66% of shares in the company (equivalent to 3,554,275 ordinary shares). The...

New Pan-African Insurance Giant Born in Sanlam, Allianz Joint Venture

In Kenya, both Sanlam and Allianz have a presence. Allianz completed the acquisition of a majority stake in Kenya's Jubilee Insurance in 2021 giving it a firm foothold in the East African market.

Allianz: The Gulf of Guinea Remains the World’s Piracy Hotspot

Despite the devastating economic impact of Covid-19, the effect on maritime trade has been less than first feared. Global seaborne trade volumes are on course to surpass 2019 levels this year after declining slightly in 2020.

Aviation’s Post Covid-19 Take-off: 9 Industry Trends to Watch

As more aircraft return to the skies, a new report from aviation insurer Allianz Global Corporate & Specialty (AGCS) highlights some of the unique challenges airlines and airports face as they restart operations – ranging from “rusty” pilots to insect infestations.

Jubilee Insurance Set To Change Name After Acquisition By Allianz

The acquisition, announced on 4th May 2021, follows the execution of an agreement signed on September 29, 2020, whereby Allianz agreed to acquire the majority shareholding in the short-term general (property and casualty) insurance business operations of JHL in in five countries in Africa, namely, Kenya, Uganda, Tanzania, Burundi and Mauritius. Following this acquisition, Jubilee General Insurance Limited Kenya is now a company of the Allianz Group and upon completion of corporate filings will operate as “Jubilee Allianz General Insurance Limited”.

Allianz Experts See ‘Confidence Shock’ Lifting East African Economies

Allianz is confident about the short-term economic development and forecasts a strong rebound of global GDP by +4.4% for 2021.

Jubilee Insurance Deal With Allianz Triggers Investor Interest

Jubilee ' insurance business remains healthy with general business accounting for 28% of the group’s gross written premiums.

Jubilee Insurance Sells Off General Business in 5 Countries For Sh11bn

The global company has acquired a majority stake in JHL's general insurance business, also known as the property & casualty insurance segment

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