Senior managers employed at Jubilee Allianz General Insurance Kenya and Sanlam Kenya's general insurance subsidiary will compete for the same roles once the two businesses are merged, with those left out to be declared redundant.
The draft business transfer agreement between Jubilee Allianz General Insurance Kenya and Sanlam General Insurance —a subsidiary of Sanlam Kenya— shows the completion of the deal will also result in unspecified job losses in the lower ranks.
