Heritage Insurance is a leading insurance company in Kenya, offering a wide range of insurance products and services to its customers. Many people may wonder who owns Heritage Insurance and what its ownership structure is. In this blog post, we will delve into the ownership of Heritage Insurance, its history, and its current status as a leading insurance company in Kenya.
Heritage Insurance was founded in 1980 as a small insurance agency in Kenya. Over the years, the company has grown to become one of the largest insurance providers in the country. The company offers various insurance products such as motor, home, travel, health, and life insurance.
Who Owns Heritage Insurance?
Heritage Insurance is a privately held company, and its ownership structure is not publicly disclosed. However, it is known that the company’s majority shareholder is Liberty Holdings Limited, a South African financial services company. Liberty Holdings acquired a 51% stake in Heritage Insurance in 2014, and since then, it has been the majority shareholder of the company.
Despite the change in ownership, Heritage Insurance has continued to operate independently in Kenya, with its headquarters in Nairobi. The company has a strong presence across the country, with over 20 branches and over 1,000 agents.
In addition to its strong presence in Kenya, Heritage Insurance has also established a presence in Tanzania, where it operates as Heritage Insurance Tanzania Limited. The company offers various insurance products in Tanzania, such as motor, home, travel, and medical insurance.
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Heritage Insurance has received numerous awards for its excellent customer service and innovative insurance products. In 2020, the company was named the Best Insurance Company in Kenya by the Global Banking and Finance Review Awards.
In conclusion, Heritage Insurance is a privately owned by insurance company in Kenya, with its majority shareholder being Liberty Holdings Limited, a South African financial services company. The company has grown over the years to become one of the largest insurance providers in Kenya, with a strong presence across the country and in Tanzania.
Heritage Insurance is committed to providing innovative insurance products and excellent customer service to its customers, and it has received numerous awards for its efforts.