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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.
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]
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]
There are two main types of life insurance: term and permanent. Term life insurance is typically more affordable than permanent life insurance because it is only active within a set period.
Term life insurance: Term life insurance is generally the cheapest kind of life insurance. It provides coverage over a specific term period, usually between 10 and 30 years.
The American General Insurance Company was formed on May 8, 1926 by Gus Sessions Wortham in Houston, Texas. Wortham worked for the Texas Fire Rating Board in Austin, Texas before moving to Houston in 1912. Before starting American General, he worked at his father's insurance company, John L. Wortham & Son Agency, until his death in 1924. [5]
In March 2003 American General merged with Old Line Life Insurance Company. [37] In the early 2000s, AIG made significant investments in Russia as the country recovered from the 1998 Russian financial crisis. In July 2003, Maurice Greenberg met with Putin to discuss AIG's investments and improving U.S.-Russia economic ties, in anticipation of ...
Sanlam Kenya plc was founded on 26 October 1946 [3] as the Indo Africa Insurance Company Limited and began writing life insurance business in 1947. In 1963, the Company became the first insurance company to list its shares on the Nairobi Securities Exchange .