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Allianz Group acquires majority shareholding in Jubilee Insurance
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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.
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 Delphine