Sanlam General Insurance Limited has completed the transfer of its general insurance business to Jubilee Allianz General Insurance Kenya Limited, marking the final step in a restructuring plan designed to consolidate operations of the two insurers under a single brand.
The transfer, approved by the Insurance Regulatory Authority (IRA), was completed on November 1, 2025, following the fulfilment of all corporate and regulatory conditions.
In a joint statement, the two companies said the transfer covers all general insurance policies previously issued by Sanlam General Insurance, which have now been assumed by Jubilee Allianz.
“All policyholders who previously held policies with Sanlam General Insurance Limited and all other persons whose personal data was held with Sanlam General Insurance Limited are hereby notified that their personal data has been transferred to Jubilee Allianz General Insurance Kenya Limited in order for the transferee to be able to continue performing the underlying contracts and conducting the business,” reads the joint notice.
The transfer is part of a wider integration strategy following the 2021 partnership between Sanlam Group and Allianz SE, which has one of Africa’s largest non-bank financial services groups.
The development leaves Jubilee Allianz as the successor firm in the general insurance segment while Sanlam continues to operate in other financial services lines in Kenya, including the life insurance subsidiary.
Jubilee Allianz Kenya is pursuing a name change to Sanlam Allianz General. Sanlam Kenya, which had Sanlam General as one of its subsidiaries, will become Sanlam Allianz Holdings.
Allianz SE and Sanlam Limited in 2023 said their joint venture, called Sanlam Allianz, will have a combined group equity value of about R35 billion (Sh254.2 billion), giving customers a broader offering of insurance products tailored to their needs.
The two firms are aiming at becoming among the top three players in both market share and profitability, in the markets where the venture will operate.
Allianz SE early in the year increased its indirect stake in Sanlam Kenya to 28 percent from 23.09 percent after paying R4.5 billion (Sh31.3 billion) to acquire an additional stake in Sanlam Allianz.
