ICEA Lion Group

The ICEA LION Group was formed as a result of a merger between Insurance Company of East Africa Limited (ICEA) and Lion of Kenya Insurance Company Limited (LOK). The two companies are well known Insurance and financial services market leaders in Kenya and the wider Eastern Africa region. The merger has resulted in the creation of one of the largest... insurance groups in the region, with well established insurance operations in Kenya, Uganda and Tanzania as well as leading subsidiaries in fund management and corporate trusteeship. A key element of this consolidation has been the establishment of separate life and non-life insurance companies in Kenya. ICEA LION Life Assurance Company is a dedicated life assurer while ICEA LION General Insurance Company is a general insurance company, with both operating as subsidiaries of ICEA LION Insurance Holdings Limited. This separation enables each entity have complete focus on its core business, for enhanced customer service, specialization, internal efficiency and competitiveness. The consolidation was also consistent with the government's declared intention to encourage movement in this direction. The insurance subsidiaries in Uganda and Tanzania, previously controlled separately by ICEA and Lion of Kenya respectively, also form part of the ICEA LION Group, as does ICEA's asset management subsidiaries in Kenya and Uganda (as well as ICEA's trustee and scheme administration subsidiary in Kenya). The company's insureds, intermediaries and all the company's other business partners should rest assured that the ICEA LION Group is committed to continue building on the proud history and culture of innovation and excellence bequeathed upon it by its two predecessors.Read More