Sanlam General Insurance. Photo/Courtesy.
Sanlam General Insurance Limited and Jubilee Allianz General Insurance (K) Limited have successfully completed the amalgamation of their general insurance businesses.
In a joint statement dated November 3, 2025, the two firms confirmed that the Portfolio Transfer was finalized on November 1, 2025, after securing all necessary approvals from the Insurance Regulatory Authority (IRA) and other relevant bodies.
“Sanlam General Insurance Limited and Jubilee Allianz General Insurance (K) Limited are pleased to inform the policyholders of Sanlam General Insurance Limited and the public that the conditions precedent to the Portfolio Transfer, including the receipt of the IRA and all other requisite corporate and regulatory approvals, have been fulfilled and/or waived,” the statement read.
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The transaction, conducted under the provisions of the Insurance Act (Cap. 487, Laws of Kenya), enables Jubilee Allianz General Insurance (K) Limited referred to as the Transferee to assume all insurance policies previously held by Sanlam General Insurance Limited, the Transferor. The amalgamation is intended to streamline operations and strengthen the firms’ market position.
“The transfer of all the insurance policies issued by the Transferor in relation to its general insurance business of all classes, and the acceptance of those insurance policies by the Transferee, was completed on 1 November 2025,” the firms noted.
Additionally, all personal data held by Sanlam General Insurance Limited has been transferred to Jubilee Allianz General Insurance (K) Limited in compliance with the Data Protection Act (Cap. 411C, Laws of Kenya).
“Sanlam General Insurance Limited and Jubilee Allianz General Insurance (K) Limited have and will continue to ensure that all personal data is handled in accordance with the Data Protection Act and all applicable data protection laws and regulations,” the statement assured.
