Allianz Global Corporate and Specialty


Jubilee Holdings Limited and Allianz have signed an agreement to establish a strategic partnership in the five African countries where Jubilee Insurance currently operates.

Allianz Global Corporate and SpecialtyThe partnership aims to cover the property & casualty insurance segment in Kenya, Tanzania and Uganda as well as the short-term insurance segment in Burundi and Mauritius.

JHL will retain ownership of its Life and Pensions operations and its Medical insurance business in Kenya, Uganda and Tanzania.

In the proposed partnership structure, Allianz will acquire controlling stakes in each of these businesses for total…



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