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Jubilee, Allianz set eyes on Ethiopian market after share sale deal


Jubilee, Allianz set eyes on Ethiopian market after share sale deal
Thursday May 06 2021
Jubilee Holdings Limited Chairman Nizar Juma and Allianz Africa Regional CEO Coenraad Vrolijk on September 29, 2020 in Nairobi. PHOTO | FILE | NMG
Summary
Allianz completed the acquisition of 66 percent stake in Jubilee General Insurance Company (Kenya), leaving the holding company (JHL) with 34 percent of the shares.
Following the acquisition, Jubilee General Insurance Limited (Kenya) is now a company of the Allianz Group and upon completion of corporate filings will be renamed “Jubilee Allianz General Insurance Limited”.
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Regional insurer Jubilee Holdings Ltd (JHL) and Germany’s insurance and asset management firm Allianz have put entry into the Ethiopian market on the radar after the conclusion of their multimillion dollar share sale deal relating to general insurance business. ....

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Allianz aims to digitize insurance in agriculture


Allianz aims to digitize insurance in agriculture
April 24, 2021
Written by Ernest Jjingo
Last week, Allianz Africa held a second webinar on “The Digitization of Agriculture Insurance Through Parametric Solutions” in partnership with Allianz Re.
As Allianz prepares to expand its presence in the East African insurance market - building on a solid foundation in Kenya and with the acquisition of the majority of shares in Jubilee General Insurance Company in Kenya, Tanzania, Uganda, Mauritius and Burundi - this event is the second of a series aiming at sharing with stakeholders pan-African solutions that the Allianz Group can offer through its footprint in Africa, by extending to the continent i ....

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Allianz Group acquires majority shareholding in Jubilee Insurance


Allianz Group acquires majority shareholding in Jubilee Insurance
Shares
Allianz Group has acquired majority shareholding in Jubilee General Insurance Company in Kenya, Tanzania, Uganda, Mauritius and Burundi. The company is one of the world’s leading insurers and asset managers with more than 100 million retail and corporate customers in more than 70 countries.
Jubilee Insurance is an insurance company based in Kenya with operations in other African countries such as Tanzania, Uganda, Mauritius and Burundi.
The acquisition is part of the Allianz’s plan to expand its presence in the East African insurance market. The company has also launched a series of events in the region to discuss opportunities in the East African region. ....

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Africa's economic outlook 2021: Vaccine economics, China, and trade dynamics


Africa’s economic outlook 2021: Vaccine economics, China, and trade dynamics
As Allianz prepares to expand its presence in the East African insurance market – building on a solid foundation in Kenya and with the acquisition of the majority of shares in Jubilee General Insurance Company in Kenya, Tanzania, Uganda, Mauritius and Burundi – Allianz has today initiated a series of events aiming to introduce the brand to the East African market, not only as a worldwide insurance leader, but also as a global thought leader and expert in financial and insurance markets.
The first event kicked off with a presentation and discussion with Ludovic Subran, Chief Economist of Allianz SE, titled “Vaccine Economics, Trade, China and Growth in Africa”. The event was followed by a panel discussion with East African and German/African business leaders followed by Q&A with Ludovic Subran and members of the Allianz Africa Regional Executive Board Coenraad Vrolijk, Anuj Agarwal and ....

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