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Insurance Counters at NSE - Valuation & recommendation
Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Got in to CFCI @ <10 bob the other day. 20 bob can be sweet music... In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 2/18/2011 Posts: 448
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Been reading up on bancassurance and applying it to the Kenyan context,even saw Co-op-CIC add on tv as regards the above.so tried to reason if
CIC = co-op
CFC-I(Liberty) = CFC
Old Mutual = Faulu
Britam = Equity/HFCK
what about:
UAP=?
Pan Africa= ?
Jubilee =?
I ask the above in the context of the 25% cap on DTM that has resulted in the offering of shares for sale to strategic investors by the same DTMs as faulu did above,the upcoming ammendment to Insurance act to allow foreign entities to own more than 60% of an insurance company,and lastly Jubilee was once in papers last month looking to acquire a rival/complementary firm so as to increase its network.....What sayeth thee? up coming M n A?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mibbz wrote:Been reading up on bancassurance and applying it to the Kenyan context,even saw Co-op-CIC add on tv as regards the above.so tried to reason if
CIC = co-op
CFC-I(Liberty) = CFC
Old Mutual = Faulu
Britam = Equity/HFCK
what about:
UAP=?
Pan Africa= ?
Jubilee =?
I ask the above in the context of the 25% cap on DTM that has resulted in the offering of shares for sale to strategic investors by the same DTMs as faulu did above,the upcoming ammendment to Insurance act to allow foreign entities to own more than 60% of an insurance company,and lastly Jubilee was once in papers last month looking to acquire a rival/complementary firm so as to increase its network.....What sayeth thee? up coming M n A? Jubilee = DTB Updates on the M&A are welcomed
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Pan Africa=Family Bank.They own 3% of the bank. Pan Africa=Probably KCB Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Insurance 2013 Awards GalaUAP insurance emerged the overall winner at the awards ceremony, clinching the General Insurer of the year for the second year running. The company also won the consumer satisfaction award and the socially responsible corporate award. Jubilee Insurance clinched seven awards and led in five categories including, ICT, risk management, fraud detection, prevention initiatives, medical insurance underwriter and composite insurer of the year awards. Other winners were Kenindia Assurance, feted for having the greatest absolute profit jump, Corporate Insurance, Madison Insurance, CFC Life Assurance and Chancery Wright Insurance brokers, with the Company’s founder and Chairman Mr John Murenga, being feted with the lifetime achievement award.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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A local subsidiary of Nigeria’s Continental Reinsurance Company is lobbying for enactment of legislation requiring oil exploration firms to contract at least part of their insurance business to Kenyan firms. Continental Reinsurance Kenya managing director Callisto Ogaye said Kenyan firms stand to lose out on oil sector insurance contracts if such a law is not passed. The Kenyan insurance industry currently has total net assets of Sh40 billion, which would be hardly sufficient to cover a typical large claim in the oil industry. http://www.businessdaily.../-/9y2n9yz/-/index.html
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:A local subsidiary of Nigeria’s Continental Reinsurance Company is lobbying for enactment of legislation requiring oil exploration firms to contract at least part of their insurance business to Kenyan firms. Continental Reinsurance Kenya managing director Callisto Ogaye said Kenyan firms stand to lose out on oil sector insurance contracts if such a law is not passed. The Kenyan insurance industry currently has total net assets of Sh40 billion, which would be hardly sufficient to cover a typical large claim in the oil industry. http://www.businessdaily.../-/9y2n9yz/-/index.html
YesS! Malocals! YesS!!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Quote:Kenya Reinsurance Company last year announced plans to deepen its role in the oil and gas sector in the region by providing reinsurance for the upstream oil industry.
The publicly listed reinsurer engaged Total Risk Solutions, an Australian risk management consulting firm, to train its staff on the necessary skills and expertise to underwrite the industry.
;-)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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German PE fund eyes Resolution Insurance sharesADC is the latest foreign investor to seek control of a local insurer, with the international investors seeking to capture a larger market share in the regional market from a base in Nairobi. Last year, Morocco-based Saham Finances acquired a 66.6 per cent stake in Mercantile Insurance from the family of the late Lalit Pandit in a multi-million-shilling deal. South Africa’s Sanlam Limited is also in the process of raising its stake in Pan Africa Insurance to 60 per cent from the previous 50 per cent.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Most of these insurance firms being bought out had an insignificant market share.I see alot of consolidation taking place or will have a tier system of insurance companies same case we have with the banks Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Oil and gas will definitely make banks, audit, law, insurance and construction firms magnetic to M&A deluge... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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First RE ----- Any details on it? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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murchr wrote:First RE ----- Any details on it? First Reinsurance Brokers Ltd is a wholly owned subsidiary of Pacific Insurance Brokers (EA) Ltd. It was incorporated in 1993 with one staff member which has now grown to 10 staff members as per its website. They are celebrating 20 years of existence and growth. I see the following graph on their gross premium growth. Note the figures are in billions.  There was something about them in yesterdays news. wasnt following. what was it? .
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@murchr, see list of 164 insurance brokers in Kenya of which 3 are reinsurance brokers {First Reinsurance Brokers Limited, Levitts International Reinsurance Brokers and BTB Insurance Brokers Limited (Re-Insurance)} >>> http://softkenya.com/insurance/...urance-brokers-in-kenya/
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Thanks.. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Jubilee Net Profit - Ksh 882M Gross Premiums +1.1B Gross Revenue +13% to - Ksh11.94B Kenya RE PAT - 1.19B Gross Premiums +20% - 4B Inv income - 1.2B OP exp +34% - 513M Tax +50% Pan Africa Profit - 800m Anyone with the numbers pls share, i dont see much from the article apart from selling land. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Britam has been trading sideways for tooo long and today a spike(relative to past volumes) of 2M shares ahead of H1 announcement.This will either break up or down Cartonists shade more light
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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murchr wrote:Jubilee Net Profit - Ksh 882M
Gross Premiums +1.1B
Gross Revenue +13% to - Ksh11.94B
Kenya RE PAT - 1.19B
Gross Premiums +20% - 4B
Inv income - 1.2B
OP exp +34% - 513M
Tax +50%
Pan Africa
Profit - 800m
Anyone with the numbers pls share, i dont see much from the article apart from selling land. Pan Africa Gross premiums down (34%) Other revenue increase 38% Gross revenue down (15%) Profit up 266% primarily due to --fair value gains on unlisted investment --1.5b gain fom net change in contract liabilities https://www.nse.co.ke/listed-com...gs-ltd-half-year-results
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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muganda wrote:murchr wrote:Jubilee Net Profit - Ksh 882M
Gross Premiums +1.1B
Gross Revenue +13% to - Ksh11.94B
Kenya RE PAT - 1.19B
Gross Premiums +20% - 4B
Inv income - 1.2B
OP exp +34% - 513M
Tax +50%
Pan Africa
Profit - 800m
Anyone with the numbers pls share, i dont see much from the article apart from selling land. Pan Africa Gross premiums down (34%) Other revenue increase 38% Gross revenue down (15%) Profit up 266% primarily due to --fair value gains on unlisted investment --1.5b gain fom net change in contract liabilities https://www.nse.co.ke/listed-com...gs-ltd-half-year-results Thank you @muganda So why the drum beats for a Pan Africa buy.... "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Metasploit wrote:Britam has been trading sideways for tooo long and today a spike(relative to past volumes) of 2M shares ahead of H1 announcement.This will either break up or down
Cartonists shade more light @Hisah whats your view on Britam ?
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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