US EditionJubilee Allianz gets Sh2.75bn bailout after breach - Nairobi Business Monthly
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Jubilee Allianz gets Sh2.75bn bailout after breach - Nairobi Business Monthly
Jubilee Allianz General Insurance Kenya has been bolstered by a Sh2.75 billion capital injection from its major shareholders, SanlamAllianz and Jubilee Holdings, effectively resolving a two-year breach of regulatory capital requirements stemming from record losses in 2023. Sylvester Nzioka, Principal Officer at Jubilee Allianz, confirmed in a statement on Tuesday, July 2nd, 2025, that the funds were received on June 27th. This infusion has resto…
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