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GAZETTE NOTICE NO. 710

GAZETTE NOTICE NO. 710

THE INSURANCE ACT

(Cap. 487)

APPROVAL


NOTICE is given of the intention of Allianz Insurance Company of Kenya Limited, a private limited liability company incorporated under the laws of the Republic of Kenya with reg. no. CPR/2014/129953 and whose address for the purposes hereof is Allianz Plaza, 5th Floor, 96 Riverside Drive, P.O. Box 66257-00800, Nairobi, Kenya (Allianz Kenya) and Jubilee Health Insurance Limited, a private limited liability -company incorporated under the laws of the Republic of Kenya with reg. no. PVT-XYU6Z2E and whose address for the purposes hereof is Jubilee Insurance House, Wabera Street, Nairobi, Kenya (Jubilee), to apply to the Insurance Regulatory Authority for its approval pursuant to section 113 of the Insurance Act (Cap. 487), to the transfer by Allianz Kenya to Jubilee with effect from the 31st December, 2020, of all those insurance policies issued by Allianz Kenya in relation to its general insurance business under class 12 (medical) (and for the purposes hereof, Medical Insurance Business) subsisting at that time to Jubilee and for Jubilee to accept those insurance policies issued by Allianz Kenya in relation to its Medical Insurance Business and amalgamate the same with Jubilee's Medical Insurance Business (Amalgamation). Copies of a statement setting out the particulars of the proposed amalgamation and a copy of the proposed portfolio transfer agreement relating thereto as approved by the Insurance Regulatory Authority are available for inspection at the address of Allianz Kenya, as stated above, Allianz Kenya’s website, https://www.allianz.co.ke/, the address of Jubilee, as stated above, the branches of Jubilee (at the addresses indicated below), Jubilee’s website, https://jubileeinsurance.com/ke/health-insurance/, the Insurance Regulatory Authority’s offices (at the address indicated below), the Insurance Regulatory Authority’s website, https://www.ira.go.ke/, Coulson Hamey LLP (at the address indicated below) and CMS Daly Inamdar Advocates {at the address indicated below) during normal business hours for a period -of thirty (30). days from the date of publication of this notice. Any persoa (including a policyholder, shareholder, employee or director) who has reasonable grounds for believing that he/she/it would be adversely affected by the Amalgamation is invited to write or make oral representations to the Insurance Regulatory Authority within thirty (30) days. of the publication of this notice stating the grounds on which he/she/it. believes he/she/it would be adversely affected by the carrying out of the amalgamation. Dated the 19th January,2022. COULSON HARNEY LLP, on behalf of Allianz Insurance Company of Kenya. CMS DALY INAMDAR, Advocates on behalf of Jubilee Allianz General Insurance (K) Limited. Allianz Kenya Head Office: Allianz Plaza, 5th Floor, 96, Riverside Drive, P.O. Box 66257-00800, Nairobi, Kenya. Jubilee Head Office: Jubilee Insurance House, Wabera Street, Nairobi, Kenya. MR/3274268

Dated the 31st December, 2022.

COULSON HARNEY LLP,

on behalf of Allianz Insurance Company of Kenya.

Extracted Entities (3)

company_registration

CPR/2014/129953 PVT-XYU6Z2E

previous_gazette_ref

710

Details

Act / Legislation
THE INSURANCE ACT
Reference
Cap. 487
Section
section 113
Signed By
COULSON HARNEY LLP
Title
on behalf of Allianz Insurance Company of Kenya
Date Signed
31st December 2022
Page
50
Extraction Method
ocr-fallback