NCBA steps up insurance market fight with AIG Kenya acquisition

NCBA Director of Strategy Louisa Wandabwa (left), Managing Director John Gachora, and AIG Kenya MD Stella Njung'e. [File, Standard]

Tier-one lender Ncba Group has taken a major step in its quest for a larger slice of the Kenyan insurance market, finalising the 100 per cent acquisition of AIG Kenya Insurance Company Ltd (AIG Kenya) today.

This strategic move brings AIG Kenya, a 50-year-old player with a strong reputation in general insurance, under Ncba's umbrella.