{"id":32986,"date":"2021-08-06T15:43:50","date_gmt":"2021-08-06T15:43:50","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=32986"},"modified":"2021-08-06T13:47:59","modified_gmt":"2021-08-06T13:47:59","slug":"mua-kenya-and-saham-kenya-consolidated-to-one-entity","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/mua-kenya-and-saham-kenya-consolidated-to-one-entity","title":{"rendered":"MUA Kenya and Saham Kenya consolidated to one entity"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/kenya\">Kenya<\/a>. <\/strong><\/span>The Mauritian insurance company MUA Ltd (&#8220;MUA&#8221;) has announced consolidation of the general insurance businesses of its subsidiaries Saham Assurance Kenya and MUA Insurance (Kenya).<\/p>\n<p>The two firms are now set to start operating as one entity in the country, under the MUA brand and will have the full support of the MUA group.<\/p>\n<p>The amalgamation of the two businesses follows the receipt of all the necessary regulatory approvals from the Insurance Regulatory Authority.<\/p>\n<p>\u201cAs one MUA Team, we are eager to capitalise on the existing momentum. We aim to grow our business while remaining true to our core commitment of providing simple and affordable insurance,\u201d said Lydia Kibaara-Nzioki, former Saham Kenya Chief Executive Officer set to take over the management of MUA Kenya.<\/p>\n<p>MUA has been present in the region since 2014, with operations in Kenya, Tanzania, Uganda and Rwanda.<\/p>\n<p>It is now able to consolidate its insurance activities in Kenya, with the aim of increasing its Kenyan market share.<\/p>\n<p>Saham Kenya, previously part of the pan-African insurance group Sanlam, is one of the largest insurance companies in Kenya.<\/p>\n<p>With an experienced management team, a strong reputation in the market and extensive operational knowledge, Saham Kenya\u2019s full amalgamation into MUA is complimentary and opportune.<\/p>\n<p>The amalgamated businesses will operate under the MUA brand and will have the full support of the MUA group.<\/p>\n<p>The MUA group has demonstrated its ability to innovate, digitalise, and brings in its extensive international network and technical expertise, which are all key success factors to drive the business forward.<\/p>\n<p>In Kenya, the focus will be on implementing new core information systems and leveraging those, while pursuing a strategy of profitable business growth and digitalisation for the rapidly growing Kenya population.<\/p>\n<p>MUA completed the acquisition of Saham Kenya in July 2020, in a deal worth Sh1.23 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Kenya. The Mauritian insurance company MUA Ltd (&#8220;MUA&#8221;) has announced consolidation of the general insurance businesses of its subsidiaries Saham Assurance Kenya and MUA Insurance (Kenya). The two firms are now set to start operating as one entity in the country, under the MUA brand and will have the full support of the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":32985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6857,7003,544],"class_list":["post-32986","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MUA Kenya and Saham Kenya consolidated to one entity - kenya<\/title>\n<meta name=\"description\" content=\"The Mauritian insurance company MUA Ltd (&quot;MUA&quot;) has announced consolidation of the general insurance businesses of its s ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/mua-kenya-and-saham-kenya-consolidated-to-one-entity\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MUA Kenya and Saham Kenya consolidated to one entity\" \/>\n<meta property=\"og:description\" content=\"The Mauritian insurance company MUA Ltd (&quot;MUA&quot;) has announced consolidation of the general insurance businesses of its s ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/mua-kenya-and-saham-kenya-consolidated-to-one-entity\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-06T15:43:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/08\/img-610d3d7b88cf2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"878\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mua-kenya-and-saham-kenya-consolidated-to-one-entity#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mua-kenya-and-saham-kenya-consolidated-to-one-entity\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"MUA Kenya and Saham Kenya consolidated to one entity\",\"datePublished\":\"2021-08-06T15:43:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mua-kenya-and-saham-kenya-consolidated-to-one-entity\"},\"wordCount\":313,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mua-kenya-and-saham-kenya-consolidated-to-one-entity#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/08\/img-610d3d7b88cf2.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/mua-kenya-and-saham-kenya-consolidated-to-one-entity#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mua-kenya-and-saham-kenya-consolidated-to-one-entity\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/mua-kenya-and-saham-kenya-consolidated-to-one-entity\",\"name\":\"MUA Kenya and Saham Kenya consolidated to one entity - 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