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The Financial Services Market Sees A Rise In Demand For Artificial Intelligence

/PRNewswire/ The increasing demand for artificial intelligence (AI) in financial services is an emerging trend in the financial services market. AI is used. ....

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Allianz purchases 51pc stake in Jubilee's Burundi unit

This is the third of several similar regional transactions after Jubilee Holdings signed a sale deal with Allianz. ....

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How pandemic recovery fuelled deal craze in 2021

The year 2021 was characterised by new significant deals across the corporate sector after a lull induced by the Covid 19 pandemic. ....

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Jubilee books Sh2bn gain from sale of unit to Munich-based firm

Jubilee Holdings has booked a gain of Sh2 billion from the sale of a 66 percent stake in its former subsidiary to Allianz. ....

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Allianz Completes Acquisition Of East Africa's Jubilee Insurance | Business News

Allianz has completed an acquisition of 66 percent stake in Jubilee Holdings Limited (JHL), East Africa’s largest insurance group.
The announcement means that JHL retains a 46 percent shareholding in the company.
The acquisition follows the execution of an agreement signed on September 29, 2020, in which Allianz agreed to acquire about 1,522,622 ordinary shares the majority shareholding in the short-term general (property and casualty) insurance business operations of JHL in five countries in Africa.
These are Kenya, Uganda, Tanzania, Burundi and Mauritius.
Thus, Jubilee General Insurance Limited in Kenya becomes a member of the Allianz Group and upon completion of corporate filings, will operate under the name: Jubilee Allianz General Insurance Limited. ....

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