This will be a huge benefit to the insurance companies which have the financial muscle.In my analysis the following will be the big beneficiaries;
--ICEALion
--Jubilee
--Kenya Re
--APA through its major shareholder Swiss Re

An insurance company wobbling.This will be a candidate from IRA to be put on statutory management or be acquired.
Merali Inc.

http://www.businessdaily...450904-3j9poh/index.html

[quote=Ericsson]An insurance company wobbling.This will be a candidate from IRA to be put on statutory management or be acquired.
Merali Inc.

http://www.businessdaily...50904-3j9poh/index.html[/quote]
The teachers were conned into buying a bank with lots of NPLs. They will be sold the insurance firm too. At a premium.

Yes, 24% via ECB. Now Merali will sell them 25% for 49%. The teachers have been betrayed by their own "leaders"

The leaders dont care about the masses provided their pockets are oiled

Sanlam owns 56% stake in Sanlam Kenya PLC formerly Pan African Insurance Holdings.
Sanlam also owns a 30% stake in Saham Finances who are the majority shareholders of Mercantile Insurance.