IN THE MATTER OF THE INSURANCE ACT (CAP. 487, LAWS OF KENYA) - SECTION 113 and 114
AND
FIRST ASSURANCE COMPANY LIMITED

NOTICE is hereby given of the intention of FIRST ASSURANCE COMPANY LIMITED (the Vendor) situate at First Assurance House, Clyde Gardens, Gitanga Road, Lavington, Nairobi, PO Box 30064-00100 in the Republic of Kenya to apply to the Insurance Regulatory Authority (the Authority) for its approval pursuant to Section 113 (1) (b) of the Insurance Act (CAP 487, Laws of Kenya) (the Insurance Act), to the transfer of all of the Vendor’s insurance policies relating to its life insurance business (as such terms are defined in Section 2 of the Insurance Act) (the Sale Business) to BARCLAYS LIFE ASSURANCE KENYA LIMITED (the Purchaser) a company incorporated in Kenya having a registered office situate at Westlands Office Park, Off Waiyaki Way, Acacia Building, 3rd Floor, Nairobi PO Box 1140-00100 in the Republic of Kenya with effect from 31 December 2016. It should be noted that the Vendor and Purchaser are both group companies within the Absa Group (previously Barclays Africa Group) and therefore the proposed transfer is an internal restructuring.

Copies of a statement setting out particulars of the proposed transfer including the report of an actuary relating to the life insurance business of the Vendor and the transaction documents relating to the sale and transfer of the Sale Business, as approved by the Authority, are available during normal business hours for inspection at the following locations for a period of not less than thirty (30) days from the date of publication of this Notice:

Gazette Notice 1660

List of Clients with Policy Number

Statutory Statement

Location

Address

First Assurance Company Limited Registered Office

First Assurance House, Clyde Gardens, Gitanga Road, Lavington, Nairobi, PO Box 30064-00100

First Assurance Company Limited Branch Offices:

Nairobi:

2nd Floor, Queensway Building, Nairobi

 

Mombasa:

First Assurance House along Nyali Road off Mombasa - Malindi Highway, Mombasa

Kisumu:

United Mall, Ground floor along Kisumu - Kakamega Highway, Kisumu

Nakuru:

Westside Mall along Kenyatta Avenue, 2nd Floor, Nakuru

The Commissioner of Insurance, Insurance Regulatory Authority

Zep-Re Place, Off Mara Road, Upper Hill, P.O. Box 43505-00100, Nairobi

First Assurance Company Limited’s official website

https://firstassurance.co.ke/transfer-first-assurance-company-limited-life-book-barclays-life-assurance-kenya/

Barclays Life Assurance Kenya Limited’s official website

https://www.barclays.co.ke/