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Business News Kenya
Business News in Kenya
Everything i need about business is compiled here in the business news section. Stocks shares, Company names and everything you can think about. Kenya Business News
ICEA - Insurance Company of East Africa
The company was Started as a Merger between Eagle Star insurance company and welfare insurance company UK and the New Zealand insurance company. The 3 Companies joined force to create the ICEA in 1964. the company started writing general Insurance in 1st January 1965. The life insurance sector was started in 1966. The initial Establishment had 50 Staff at both Nairobi and Mombasa Offices.
in 1985 ICEA Formed FCS First chartered Securities and ICEA Became the companies flagship. the company started Chartered properties ltd. To manage its Growing Portfolio. the company was later acquired by Knight frank in the year 1998.
From its humble Beginning in 1964 the company grew consistentaly till date it is now a gross 3 Billion KSH Premium company and has assets worth 13 billion. It is the Biggest Insurance company in the Entire east africa. Currently it has offices in Uganda apart from its branches all over the country.
Visit ICEA.co.ke for More information
Cannon Assurance Kenya Life Insurance Company
Cannon Assurance Kenya Ltd started in Kenya in 1964. The company is known as the international life insurance company (UK). Though a full life insurance company initially, the company diversified into other non Life insurance sector in 1984 after cannon UK fully sold its entire share holding to local interests. Today the company ocovers all classes of general insurance Business including Fire insurance, Householders insurance, Personal Acciedent Insurance , workmans compensation and contractors all Risks. The company currently claims an total asset worth of 1.56 Billion Today Cannon Assurance is a market leader in Equity linked insurance products The future plans of Cannon Assurance includes unit linked pension schemes.
For more information on Cannon Assurance visit cannonassurance.com
KenyaRE Kenya Re-insurance Corporation Ltd
Kenya Re-insurance Corporation Ltd was founded in 1970 under the state reinsurance Corporation act. the Company is popularly known as KenyaRE. The Corporation was to undertake any kind of reinsurance and insurance business in kenya. the company was intended to address the unsatisfactory conditions in the local insurance sector
The company mainly intended to increase retention capacity to reduce purchase of insurance from external re-insurers, to help Regulating the Insurance Sector and to generate funds for investment in the national economy
the Director of KenyaRE is Mrs Eunice Mbogo and she has a bachelor of commerce from the university of Nairobi majoring Business administration. She is also an MBA. She has been a major player in the insurance sector since 17 years
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