Jubilee Allianz General Insurance Kenya has received a Sh2.75 billion capital boost from its top owners SanlamAllianz and Jubilee Holdings, lifting it from a two-year regulatory capital breach triggered by a record loss in 2023.
Sylvester Nzioka, principal officer at Jubilee Allianz said on Tuesday that the capital injection came in on June 27,2025 and has now restored the insurer’s capital adequacy ratio within the levels required by the Insurance Regulatory Authority (IRA). The law requires insurers to maintain a capital adequacy ratio of at least 100 percent at all times.
