East Africa: Allianz acquires a majority stake in Jubilee's non-life subsidiaries

Magazine Issue:

The insurance industry, a market under strain [3]

Magazine date:

Oct 2022

Allianz Allianz has finalized the acquisition of a majority stake in the non-life subsidiaries of Jubilee Holdings Limited (JHL) in Kenya, Uganda, Burundi, Tanzania and Mauritius [4].

On 29 September 2020, both companies signed a strategic partnership under which the German insurer will take control of JHL's non-life activities in five African countries.

The first transaction in Kenya [5] was finalized in May 2021. The transactions in Uganda, Burundi, Tanzania and Mauritius were finalized in October 2021, March 2022, May 2022 and September 2022 respectively.

Tue, 11/10/2022 - 17:01

Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fregions-geographiques%2Fafrique%2Feast-africa-allianz-acquires-a-majority-stake-in-jubilee-s-non-life-subsidiaries&text=East+Africa%3A+Allianz+acquires+a+majority+stake+in+Jubilee%27s+non-life+subsidiaries
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fregions-geographiques%2Fafrique%2Feast-africa-allianz-acquires-a-majority-stake-in-jubilee-s-non-life-subsidiaries&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-194-october-2022
[4] https://www.atlas-mag.net/en/category/pays/maurice/allianz-completes-acquisition-of-66-of-jubilee-insurance-mauritius
[5] https://www.atlas-mag.net/en/article/allianz-finalizes-the-acquisition-of-66-of-jubilee-general-insurance