Jubilee Allianz General Insurance Company Limited has announced plans to amalgamate with Sanlam General Insurance (Uganda) Limited
In a public notice issued on April 11, 2025, the board of directors of Jubilee Allianz General Insurance Company announced their intention to merge the company into Sanlam General Insurance (Uganda) Limited, subject to regulatory approval.
“Take notice that the board of directors of Jubilee Allianz General Insurance Company Limited has proposed that the company be amalgamated into Sanlam General Insurance (Uganda) Limited,” the statement read.
The move is made in accordance with Section 76 of the Insurance Act (Cap. 191) and is aimed at strengthening operational capabilities, streamlining services, and enhancing value for clients and stakeholders across both entities.
As per the notice, copies of the amalgamation proposal will be available for public inspection from April 14 to May 14, 2025, at the registered offices of the companies to be amalgamated. These are located at Plot 14, Jubilee Insurance Centre, Parliament Avenue, Kampala and Plot 18B, Clement Hill Road, Shimoni Office Village, Kampala. Members of the public can review these documents during official working hours — from 8:00 a.m. to 5:00 p.m., Monday to Friday, excluding public holidays.
The notice further advises that: “Any person that has reasonable ground to believe that he/she will be adversely affected by the proposed amalgamation should make a written representation to the Insurance Regulatory Authority stating his/her reasons, within thirty (30) days from the date of this publication.”
The notification was jointly signed by the Chief Executive Officer of Jubilee Allianz General Insurance Company Limited and the Chief Executive Officer of Sanlam General Insurance (Uganda) Limited.
