UAP Old Mutual Group begins operation in merged branches


UAP Old Mutual Group will begin operations in its newly-merged branches this month as it seeks to entice its existing clients while growing its customer base, the insurance and financial services provider has confirmed.

The Group business, now one of the largest financial services providers in Kenya, confirmed its new executive structure and strategy last July following a merger between insurer UAP and investment company Old Mutual.

“Following the acquisition of a 60.7 per cent stake in UAP last year, we continue to make progress towards our goal for integration,” UAP Old Mutual Group Head of Operations Asman Mugambi said in a statement yesterday.

“Besides bringing our staff and product offerings together, we have been working to serve our customers in a one stop shop setting. This would be realised through the provision of central branches,” Mugambi added.

“The growth and expansion potential of our merged business is huge, and there is no doubt that together we are greater than the sum of our parts. I am confident that through our combined strengths and talents we will achieve great things together – for all our customers, employees and other stakeholders in this region,” Ralph Mupita, CEO of Old Mutual Emerging Markets, said as he addressed the press about the future of the Group last year.

“Our vision is to build an African financial services champion and the future has never looked brighter for our business on this awesome continent,” he added.

In his first address about the combined business, the UAP-Old Mutual Group CEO, Peter Mwangi reiterated that for customers, the merger means a comprehensive and enhanced range of professional services, from life and general insurance to banking and asset management, as well as a wider, more accessible distribution network and more digital innovation.

“Effective June 2016 we will be operating in merged branches in the Western and Central region. This includes
Kisumu, Kisii and Nyeri,” Mugambi said.

Previous Deposit Insurance body moves to cushion members amid liquidity woes in banks
Next Business news briefs

You might also like

Business 0 Comments

Why budget will be read early this year

National Budget to be presented early this year to give MPs time to campaign The budget will be presented next week Thursday by Treasury CS Henry Rotich The National Treasury

Business 0 Comments

Japanese healthcare company enters Kenyan market, targets EA region

Japanese Ambassador  to Kenya, Toshitsugu Oesawa displays a product to Rohto Director, Fumiko  Akojima and Harleys’s Ltd Nairobi’s, Mr. Rupen Haria during the launch of a  New Hair Product for Kenyan Consumers

Latest 0 Comments

SportPesa becomes Everton Football Club’s main partner

SportPesa UK has reinforced its presence in the European market after becoming the main partner of nine-time champions of England, Everton Football Club on Monday. The deal is effective from


No Comments Yet!

You can be first to comment this post!

Leave a Reply