Successful businesses face multiple risks in their daily operations including loss of a license or professional certification, legal defense reimbursement, collections risk, privacy violations, and ...

Kenyan-based CIC Insurance Group has lent its Ugandan subsidiary Shs3.2b loan to shore up its capital adequacy process. Government, under the Insurance (Capital Adequacy and Prudential Requirements) ...

On Tax Day, May 17, 2021, in a unanimous opinion authored by Justice Kagan, the United States Supreme Court held that the Anti-Injunction Act ("AIA") does not bar a pre-enforcement challenge to the ...

The Supreme Court rarely hears tax cases which makes the recent oral arguments in CIC Services v IRS exciting. That is about all that makes them exciting to ordinary mortals as what was going on at ...

CIC Insurance Group incurred Sh275.65 million on a voluntary exit and redundancy programme announced in October last year, as the insurer switched to a leaner structure powered by technology. The ...

CIC Insurance Group shareholders have approved the creation of three new subsidiaries, including a pharmaceutical company, a micro-insurance arm, and a Ugandan asset management firm as part of a ...

Co-operative Bank group is now the single largest shareholder in the Co-operative Insurance Company (CIC) after acquiring an additional 19 per cent stake. The transaction, valued at Sh130 million, ...

•In the period under review the group's insurance revenue grew by 20 percent from Sh10.7 Billion in June 2022 to Sh12.9 Billion in June this year. •General Insurance Business revenue grew by 21 ...

Please enable JavaScript to read this content. CIC Insurance Group reception [Courtesy] CIC Insurance Group has emerged from a loss to post the highest net profit in ...

The Group's insurance revenue grew by 23% from Sh20.7 billion reported in 2022 to Sh25.4 billion in the year under review. Assets grew by 16% to Sh50.3 billion whereas insurance service results grew ...

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings.