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GAZETTE NOTICE NO. 1020
GAZETTE NOTICE NO. 1020
THE INSURANCE ACT
(Cap. 487)
APPROVAL
NOTICE is given of the proposed transfer of the general insurance business of Madison Insurance Company Kenya Limited to Madison General
Insurance Kenya Limited.
The proposed transferor is Madison Insurance Company Kenya Limited of Madison Insurance House, Upperhill Road, P.O. Box 47382-00100, Nairobi ("Madison Insurance").
The proposed transferee is Madison General Insurance Kenya Limited of Madison Insurance House, Uppethill Road, P.O. Box 47382-00100, Nairobi ("Madison General").
Subject to the approval of the Insurance Regulatory Authority, Madison Insurance will transfer its general insurance business to Madison
General. Madison Insurance will retain all of its long-term insurance business. Details of the general insurance business which will be transferred to
Madison General are set out in a Statement of Particulars which is available for public inspection as shown below. Both Madison Insurance and
Madison General are wholly owned subsidiaries of Madison Group Limited.
Application has been made to the Insurance Regulatory Authority for approval of the proposed transfer pursuant to the provisions of section 113 of the Insurance Act.
Copies of a Statement setting out particulars of the transfer have been deposited at the following offices.
Office Address
Madison Insurance Company Kenya Limited, Head Office Madison Insurance House, Upper Hill Road
P.O. Box 47382-00100, Nairobi
Madison General Insurance Kenya Limited Madison Insurance House, Upper Hill Road
P.O. Box 46666-00100, Nairobi
The Commissioner of Insurance, Insurance Regulatory Zep-Re Place, Off Mara Road, Upper Hill
Authority P.O. Box 43505-00100, Nairobi
Madison Insurance Company Kenya Limited (Branch Offices) Machakos: Kiamba Mall, 4th Floor, Ngei Street, Machakos
Nyeri: Konahauthi Building, 1st Floor, Kanisa Road, Nyeri
Mombasa: TSS Building, 11th Floor, Nkurumah Road, Mombasa
Meru: Mwalimu Plaza, Mezzanine & 3rd Floor, Gakoromone Raod
Kisumu: Reinsurance Plaza, 6th Floor Kenyatta Highway, Kisumu
Eldoret: Kiptagich House, 8th Floor, Uganda Road, Eldoret
Kakamega: Mega Mall Plaza, 2nd Floor, Kakamega-Kisumu Highway, The copies of the Statement of Particulars will be available for inspection by any person interested during normal business hours for a period of thirty (30) days from the date of publication of this notice.
Any interested person (including any employee, director, shareholder or policyholder) who has reasonable grounds for believing that he/she would be adversely affected by the transfer, is invited to write or make oral representations to the Insurance Regulatory Authority within thirty (30) days from the date of publication of this notice, stating the grounds on which he believes he would be adversely affected by the carrying Out of the scheme of transfer.
Dated the 26th January, 2018.
KAPLAN & STRATTON, Advocates for Madison Insurance Company Kenya Limited and Madison General Insurance Kenya Limited, 9th Floor, Williamson House, 4th Ngong Avenue, MRJ4103621 P.O. Box 40111-00100, Nairobi.
Dated the 26th January, 2018.
Extracted Entities (1)
previous_gazette_ref
1020
Details
- Act / Legislation
- THE INSURANCE ACT
- Reference
- Cap. 487
- Section
- section 113
- Date Signed
- 26th January 2018
- Page
- 18
- Extraction Method
- regex
Source Gazette
Vol. CXX No. 16 (SUPPLEMENT)
Published 2nd February 2018