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Travelers can purchase insurance plans directly from providers like John Hancock, AIG Travel and Seven Corners, which Forbes Advisor called the "best value for superior coverage" this June.
In May 2006, New York-based AIG acquired Travel Guard. In July 2009, the company moved to its new home in a business park located off I-39 in Stevens Point. AIG subsidiary, National Union Fire Insurance Company, underwrites Travel Guard policies. In 2012, it became the product range name for all travel-related products and services of AIG.
In 2014, Liberty Kenya Holdings made history again by being the first listed firm in Kenya to have a scrip issue. [7] This was a cash-retention strategy by the firm. The group announced that its life insurance subsidiary, CfC Life Assurance Company was re-branding to Liberty Life Assurance Kenya Limited with effect from 28 October 2014. [8]
Liberty Life Assurance Kenya Limited can trace its roots to 1964 when it was founded as Kenya American Insurance Company Limited; the company provided insurance services, investment solutions, education and retirement savings plans. In 1987 the company had a name change to American Life Insurance Company (Kenya) Limited, ALICO.
Tata AIG General Insurance Company, which started its operations in India on 22 January 2001, provides insurance to individuals and corporates. It offers a range of general insurance products including insurance for automobile , home , personal accident, travel , energy, marine , property and casualty as well as specialized financial lines.
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This is a list of some of the Insurance Companies carrying on insurance business in Kenya. They are regulated by the Insurance Regulatory Authority: [1] Allianz; Britam Holdings T/A British-American Insurance Company Kenya Limited, and as Real Insurance Company; CIC Insurance Group [2] First Assurance Kenya Limited [3]
The Government of Kenya enacted the Insurance Act Kenya CAP 487 in 1985 [1] with the aim of localizing regulation of the insurance business. The newly-enacted legislation established the Department of Insurance within the Ministry of the National Treasury and Planning, headed by a Commissioner of Insurance, to supervise the insurance sector.
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