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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]
The companies can provide any kind of insurance. Pages in category "Insurance companies of Kenya" The following 11 pages are in this category, out of 11 total.
Britam General Insurance Company (Kenya) Limited – Nairobi, Kenya – 100% Shareholding – Offering General Insurance and Holding Company for Tanzania, Malawi and Mozambique subsidiaries. Real Insurance Company is the oldest member having been founded in 1910 as a subsidiary of Royal Insurance, now part of RSA Insurance Group .
In 2015, the company had 132 employees, with over 50,000 policyholders in general, medical and group life insurance. [1] The insurance firm has five branches in Kenya; one branch each in Kisumu, Mombasa and Nakuru; and two branches in Nairobi. It also has branches in Dar es Salaam, Tanzania. [2]
The Group's origins in Kenya date back to 1968 when it was a department within the Kenya National Federation of Co-operatives. In 1978, the department was registered and licensed as Co-operative Insurance Services Limited, a composite insurance company to write all classes of business with its target market, the cooperative movement.
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.