Insurer Sanlam Kenya rebrands to SanlamAllianz Kenya after regulatory nod
Sanlam Allianz Life Insurance (Kenya) Limited Chief Executive Officer Ms. Jacqueline Karasha (left) joins Sanlam Allianz Holdings (Kenya) PLC Group CEO Dr. PatrickTumbo (centre) and SanlamAllianz General Insurance (Ke
Insurer Sanlam Kenya Plc (NSE: SLAM) has officially rebranded to Sanlam Allianz Holdings (Kenya) PLC (“SanlamAllianz Kenya”).
The rebrand follows the recent formation of a joint venture between Sanlam and Allianz, establishing SanlamAllianz a non-banking financial services entity, which now brings together over 200 years’ combined experience on the insurance business in Africa.
Related
Sanlam-Allianz tie-up spins out Africa's giant insurer
SanlamAllianz Kenya Group CEO Dr. Patrick Tumbo noted that the name change reflects a continental commitment to raise the bar in the delivery of non-banking financial services with localised attention.
He added that the firm’s subsidiaries, Sanlam Allianz Life Insurance (Kenya) Limited (“SanlamAllianz Life Insurance Kenya”) and Sanlam Allianz General Insurance (Kenya) Limited (“SanlamAllianz General Insurance Kenya”), will continue to be headed by Ms Jacqueline Karasha and Mr George Kuria, respectively.
As part of the rebrand, following shareholder and regulatory approvals, Dr Tumbo reiterated that the firm will enhance its client experience and distribution capabilities through the deployment of innovative technology-based solutions.
“The rebrand heralds a new dawn for us as SanlamAllianz, enhancing our corporate commitment to advance our market effectiveness in the provision of quality, client-focused life and general insurance products,” he said.
The company seeks to tap into the wider SanlamAllianz resources and technical know-how to deliver exceptional services and solutions.
At the moment, SanlamAllianz has presence in 26 countries and holds a combined total group equity value of over 33 billion South African rand (approximately 2 billion euros).
SanlamAllianz CEO Heinie Werth said, “Our ambition as SanlamAllianz is to be among the top-three players in all our markets, and we will provide our full support to SanlamAllianz Kenya as it strives towards this ambition.”
To achieve this, he said that the local team will follow a shared value approach with its staff, clients, business partners and shareholders, as well as the markets, communities and countries in which it operates.
