Major Office Sanlam Allianz Holdings (Kenya) PLC. Photo/ Courtesy.
Sanlam Allianz Holdings (Kenya) PLC has announced the completion of the amalgamation of the general insurance businesses of Sanlam General Insurance Limited and Sanlam Allianz General Insurance (Kenya) Limited.
The consolidation follows regulatory approval from the Insurance Regulatory Authority (IRA) and the fulfilment of all other required corporate processes, culminating in the formal completion of the transfer on 1 November 2025.
According to the announcement issued by the company’s board, Sanlam General Insurance Limited (the Transferor) and Sanlam Allianz General Insurance (Kenya) Limited (the Transferee) initiated the process on 1 August 2025, seeking approval from the IRA under Section 113 of the Insurance Act.
“The Transferor and the Transferee announced to the public their intention to apply to the Insurance Regulatory Authority for its approval to the transfer by the Transferor to the Transfer of all those insurance policies issued by the Transferor in relation to its general insurance business,” read the notice.
The approved transfer allows Sanlam General Insurance Limited to move all its general insurance policies issued up to 31 December 2023, along with its entire general insurance business portfolio, to Sanlam Allianz General Insurance (Kenya) Limited.
The notice also confirmed that all necessary corporate and regulatory conditions were met ahead of the finalization on November 1, 2025.
“The company is pleased to inform its shareholders and the public that the conditions precedent to the Portfolio Transfer have been fulfilled and/or waived (as applicable), and the Portfolio Transfer completed on 1 November 2025,” the statement said.
