The Liberty Life Assurance Kenya Limited, commonly referred to as Liberty Life, is a Kenyan
life insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...
company headquartered in
Nairobi
Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper ha ...
, Kenya. It is among the five largest life insurance companies in Kenya. It is a subsidiary of
Liberty Kenya Holdings, which is an insurance holding company with headquarters in Nairobi.
Liberty Life is licensed and regulated by the
Insurance Regulatory Authority of Kenya (IRA), the
Retirement Benefits Authority of Kenya (RBA) and is a member of the Association of Kenya Insurers (AKI).
History
Liberty Life Assurance Kenya Limited can trace its roots to 1964 when it was founded as Kenya American Insurance Company Limited; the company provided insurance services, investment solutions, education and retirement savings plans. In 1987 the company had a name change to American Life Insurance Company (Kenya) Limited,
ALICO Alico may refer to:
* Alico Arena, an athletics facility at Florida Gulf Coast University donated by
* Alico (company)
* ALICO Building, in Waco, Texas
* American Life Insurance Company, now part of MetLife
* Platani (river)
The Platani ( scn, PlĂ ...
. Later, in 2004,
ALICO Alico may refer to:
* Alico Arena, an athletics facility at Florida Gulf Coast University donated by
* Alico (company)
* ALICO Building, in Waco, Texas
* American Life Insurance Company, now part of MetLife
* Platani (river)
The Platani ( scn, PlĂ ...
was owned by CFC Bank (now
Stanbic Bank
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg.
History ...
) leading to a further metamorphosis of the organization's name into CFC Life Assurance Limited.
The company, through further change during 2008 when Stanbic Bank merged with CFC Bank (to form CFC Stanbic, now
Stanbic Bank
Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg.
History ...
); which brought CFC Life and Heritage Insurance Company under
CFC Stanbic Holdings which was also the financial services conglomerate that encompassed CFC Stanbic Bank and CFC Financial Services after the acquisition that happened that year. Later in July 2010 the CFC Stanbic Holdings Limited shareholders would participate in a vote that lead to the separation and
demerger
A demerger is a form of corporate restructuring in which the entity's business operations are segregated into one or more components. It is the converse of a merger or acquisition.
A demerger can take place through a spin-off by distributed or ...
of the company's insurance and banking sections.
In 2011 CFC Insurance Holdings became listed on the
Nairobi Securities Exchange
The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in ...
, (NSE). CFC Life changed its name fully to Liberty Life Assurance Kenya Limited in October 2014.
Non-insurance related
Sponsorship
Kajiado
Kajiado is a town in Kajiado County, Kenya. The town is located south of Nairobi, along the Nairobi – Arusha highway ( A104 road). Kajiado has an urban population of 24,678 (2019 census). Local people are predominantly of the Maasai tribe. ...
Township Primary School Library, a library whose sponsorship was done by Liberty Life in partnership with Heritage Insurance and Oxford Press Kenya. Abel Munda,
the Liberty Life managing director, also a KES 800,000 borehole in the school. The facilities were sponsored to benefit not only the school's students but also to benefit the more than 1,400 students from neighboring schools in the
Kajiado County
Kajiado County is a county in the former Rift Valley Province of Kenya. As of 2019, Kajiado county spanned an area of 21,292.7 km2, with a recorded population of 1,117,840. The county borders Nairobi and to its south it borders the Tanzan ...
, Kenya, and to enable the nurturing of innovation, curiosity and problem solving among the students.
See also
*
List of insurance companies in Kenya
This is a list of some of the Insurance Companies carrying on insurance business in Kenya. They are regulated by the Insurance Regulatory Authority:
* CIC Insurance Group Limited
* Allianz
* Madison Insurancehttps://www.madison.co.ke/
* B ...
*
Stanlib Kenya
*
Stanbic Bank Kenya
*
Capital Markets Authority of Kenya
The Capital Markets Authority of Kenya, also known as CMA, is a government financial regulatory entity responsible for supervising, licensing and monitoring the activities of the capital markets within the Republic of Kenya, market intermediar ...
References
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External links
Liberty Kenya Holdings Limited official siteCFC Stanbic Bank, Kenya official siteLiberty Holdings official Site
Financial services companies established in 1964
Companies based in Nairobi
Insurance companies of Kenya
Kenyan companies established in 1964