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Jubilee Insurance to split as new rules kick in

Jubilee Holdings Regional CEO Julius Kipng’etich who will step in as the CEO for Kenyan business on an interim basis. [Wilberforce Okwiri/Standard]

Jubilee Insurance is set to be split into three companies, breaking up the Sh31 billion revenue business to comply with insurance regulations.

Insurance Regulatory Authority (IRA) has asked insurance firms to separate life and business cover in order for each unit to carry its own risk.

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