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GAZETTE NOTICE NO. 1020

GAZETTE NOTICE NO. 1020

THE INSURANCE ACT

(Cap. 487)

APPROVAL


NOTICE is given of the proposed transfer of the general insurance business of Madison Insurance Company Kenya Limited to Madison General Insurance Kenya Limited. The proposed transferor is Madison Insurance Company Kenya Limited of Madison Insurance House, Upperhill Road, P.O. Box 47382-00100, Nairobi ("Madison Insurance"). The proposed transferee is Madison General Insurance Kenya Limited of Madison Insurance House, Uppethill Road, P.O. Box 47382-00100, Nairobi ("Madison General"). Subject to the approval of the Insurance Regulatory Authority, Madison Insurance will transfer its general insurance business to Madison General. Madison Insurance will retain all of its long-term insurance business. Details of the general insurance business which will be transferred to Madison General are set out in a Statement of Particulars which is available for public inspection as shown below. Both Madison Insurance and Madison General are wholly owned subsidiaries of Madison Group Limited. Application has been made to the Insurance Regulatory Authority for approval of the proposed transfer pursuant to the provisions of section 113 of the Insurance Act. Copies of a Statement setting out particulars of the transfer have been deposited at the following offices. Office Address Madison Insurance Company Kenya Limited, Head Office Madison Insurance House, Upper Hill Road P.O. Box 47382-00100, Nairobi Madison General Insurance Kenya Limited Madison Insurance House, Upper Hill Road P.O. Box 46666-00100, Nairobi The Commissioner of Insurance, Insurance Regulatory Zep-Re Place, Off Mara Road, Upper Hill Authority P.O. Box 43505-00100, Nairobi Madison Insurance Company Kenya Limited (Branch Offices) Machakos: Kiamba Mall, 4th Floor, Ngei Street, Machakos Nyeri: Konahauthi Building, 1st Floor, Kanisa Road, Nyeri Mombasa: TSS Building, 11th Floor, Nkurumah Road, Mombasa Meru: Mwalimu Plaza, Mezzanine & 3rd Floor, Gakoromone Raod Kisumu: Reinsurance Plaza, 6th Floor Kenyatta Highway, Kisumu Eldoret: Kiptagich House, 8th Floor, Uganda Road, Eldoret Kakamega: Mega Mall Plaza, 2nd Floor, Kakamega-Kisumu Highway, The copies of the Statement of Particulars will be available for inspection by any person interested during normal business hours for a period of thirty (30) days from the date of publication of this notice. Any interested person (including any employee, director, shareholder or policyholder) who has reasonable grounds for believing that he/she would be adversely affected by the transfer, is invited to write or make oral representations to the Insurance Regulatory Authority within thirty (30) days from the date of publication of this notice, stating the grounds on which he believes he would be adversely affected by the carrying Out of the scheme of transfer. Dated the 26th January, 2018. KAPLAN & STRATTON, Advocates for Madison Insurance Company Kenya Limited and Madison General Insurance Kenya Limited, 9th Floor, Williamson House, 4th Ngong Avenue, MRJ4103621 P.O. Box 40111-00100, Nairobi.

Dated the 26th January, 2018.

Extracted Entities (1)

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1020

Details

Act / Legislation
THE INSURANCE ACT
Reference
Cap. 487
Section
section 113
Date Signed
26th January 2018
Page
18
Extraction Method
regex