The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Tom Gitogo CEO CIC Insurance Group. [Wilberforce Okwiri/Standard]
The CIC Group has made large provisions to cushion itself against the effects of the collapse of two banks two years ago.
The insurer, which is owned by savings and credit cooperative organisations, Thursday said at an investor briefing in Nairobi that Chase and Imperial banks went under with much of its cash in the form of deposits and debt.
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