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SK Macharia's PSV insurer topples Ruto-linked firm

Nairobi, July 13 -- Directline Assurance has reclaimed its position as the top insurer of public service vehicles (PSVs), marking a comeback in a segment that has seen rivalry and shifting market shar... Read More


Directline reclaims top spot in matatu insurance market

Nairobi, July 13 -- Directline Assurance has reclaimed its position as the top insurer of public service vehicles (PSVs), marking a comeback in a segment that has seen rivalry and shifting market shar... Read More


Seven insurance firms face IRA fines for reporting breaches

Nairobi, July 13 -- Seven insurance firms are facing regulatory fines for missing deadlines to submit records of their business performance, including premiums received and claims paid out. Disclosur... Read More


Kenya Re pumps Sh284m in Zambia subsidiary on new capital rules

Nairobi, July 12 -- Kenya Reinsurance Corporation increased its investment in its Zambian subsidiary by Sh284 million last year, more than doubling its total capital in the unit to meet the revised ca... Read More


Safaricom to bar use of reserves for share buybacks in proposed changes

Nairobi, July 9 -- Safaricom plans to bar the use of retained earnings for share buybacks under proposed changes to its articles of association that will be tabled at its upcoming Annual General Meeti... Read More