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Allianz purchases 66pc stake in Jubilee General Insurance Wednesday May 05 2021 By VICTOR JUMA Summary Allianz has completed the purchase of a 66 per cent stake in Jubilee General Insurance Limited in Kenya from the parent company Jubilee Holdings, which will retain a 34 per cent stake in the business. This is the first of several similar regional transactions. The Nairobi Securities Exchange-listed insurer signed an agreement to sell stakes ranging from 51 per cent to Sh66 per cent in its general insurance subsidiaries in Kenya, Tanzania, Uganda, Burundi and Mauritius for a total of Sh10.8 b...