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Allianz has announced the completion of the acquisition of a 66 per cent stake in Jubilee Holdings general insurance arm in Kenya for an undisclosed amount making it the majority shareholder.
Allianz, a global insurer and asset manager’s stake represents 1,522,622 ordinary shares acquired from Jubilee Holdings Limited who now retains a 34 per cent shareholding in the company.
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In a report made available to the media, the German financial services provider expects to complete the acquisition of Jubilee General Insurance businesses in Tanzania, Uganda, Burundi and Mauritius in due course.
The acquisition follows the execution of an agreement on September 29, 2020, where Allianz agreed to acquire the majority shareholding in the short-term general (property and casualty) insurance business operations of JHL in five countries in Africa, namely, Kenya, Uganda, Tanzania, Burundi and Mauritius. ....

Coenraad Vrolijk , Allianz Group , Jubilee Holdings , Allianz Insurance Company Of Kenya , Jubilee Holdings Limited , Jubilee General Insurance , Allianz General Insurance , Allianz Insurance Company , Kenya Limited , Allianz Africa Regional Chief Executive , East Africa , அலையன்ஸ் குழு , ஜூபிலி ஹோல்டிங்ஸ் , அலையன்ஸ் காப்பீடு நிறுவனம் ஆஃப் கேந்ய , ஜூபிலி ஹோல்டிங்ஸ் வரையறுக்கப்பட்டவை , ஜூபிலி ஜநரல் காப்பீடு , அலையன்ஸ் ஜநரல் காப்பீடு , அலையன்ஸ் காப்பீடு நிறுவனம் , கேந்ய வரையறுக்கப்பட்டவை ,