Allianz completes final acquisition of majority stake in Jubilee’s general insurance business in East Africa

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)....

BT Reporter1 Mins read

The joint venture will have operations in at least 29 African countries. [Photo/ File]

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

Sanlam and Allianz have announced a new joint venture that will see the insurance firms create possibly the largest non-banking financial services firm...

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The world’s piracy hotspot, the Gulf of Guinea, accounted for over 95% of crew numbers kidnapped worldwide in 2020.

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

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“The grounding of worldwide fleets during the pandemic has represented an unprecedented event for the aviation industry,” says Dave Warfel, a Regional Head of Aviation at AGCS. [Photo/ Aviation International News]

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BUSINESS MARKETS

Jubilee Insurance Set To Change Name After Acquisition By Allianz

Jubilee Insurance: Allianz, one of the world’s leading insurers and asset managers, has become the majority shareholder in Jubilee General Insurance Limited in...

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Allianz Experts See ‘Confidence Shock’ Lifting East African Economies

As it prepares to expand its presence in East Africa, Allianz has initiated a series of events to introduce the brand to the...

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Jubilee Insurance Deal With Allianz Triggers Investor Interest

The sale of a majority stake in Jubilee Insurance's general business to Allianz SE, a German multinational, aroused investor interest in the firm's...

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Jubilee Insurance Sells Off General Business in 5 Countries For Sh11bn

Allianz, one of the world's leading insurers and asset managers on Tuesday announced the acquisition of a controlling stake in Jubilee Holdings Limited...