Mayfair Insurance is a Kenyan-based general insurance company that began operations in 2005 and has since expanded its presence to several other African countries, including Uganda, Tanzania, Rwanda, Zambia, and the Democratic Republic of Congo.
As the company marks its 20th anniversary, one of its founders, former Gatanga MP Peter Kenneth, has shared the story of how the company was established, celebrating the milestones it has achieved over the years.
The idea of forming Mayfair Insurance first emerged in 1994, when Peter Kenneth and a group of friends registered the company’s name but did not proceed with operations at the time.
Peter Kenneth decided to name the business “Mayfair,” inspired by the Monopoly board game and the London district of the same name. He and his friends wanted a brand that symbolized class, stability, and reliability.
The inspiration came from the need for a company that could offer something different, one that combined strong underwriting discipline with local knowledge and efficient, customer-focused service built on genuine relationships.
However, the idea did not materialize at the time because each of the founders was pursuing their own interests.
Years later, Peter Kenneth and his friends revisited the plan they had shelved, and in 2005, Mayfair Insurance was officially established.
The founding team, led by Peter Kenneth and including Rasik Patel, V.M. Patel, Tushar Shah (all deceased), and Senior Counsel Ambrose Rachier, shared a vision of creating a trusted, locally owned insurance company for Kenyans, at a time when the market was largely dominated by foreign insurers.
About Mayfair Insurance
Mayfair Insurance Company Limited is a general insurance provider headquartered along Ralph Bunche Road in Nairobi, Kenya. Founded in 2005, the company offers a wide range of non-life insurance products and services.
Mayfair underwrites all classes of general insurance except medical. Its portfolio includes motor, property, casualty, marine, aviation, construction, engineering, and liability insurance. The company collaborates with both local and international reinsurers to support its operations.
Also Read: Peter Kenneth Profile: Education Background, Family, Career, Age & Investments
The firm is led by Managing Director Joshua Chiira and Executive Director Kashif Chaudhry. It holds minority equity stakes in insurance companies in Zambia, Uganda, Tanzania, Rwanda, and the Democratic Republic of Congo as part of its regional expansion strategy to strengthen its footprint across East and Central Africa.
Beyond insurance, Mayfair has diversified into real estate investments through ventures such as Mayfair Estates Limited and Kitisuru Development Limited, which serve as additional income sources alongside its core business.
About Peter Kenneth
Peter Kenneth is a Kenyan politician, businessman, and former banker, born on November 27, 1965, in Bahati, Nairobi.
He attended Bahati Uhuru Primary School, where he obtained his Certificate of Primary Education (CPE), before proceeding to Starehe Boys’ Center and School for both his O-level and A-level studies.
Also Read: Ruto Appoints Peter Kenneth, Mwangi Wa Iria to Govt
Kenneth holds a Bachelor of Laws (LLB) and a Master of Laws (LLM) degree from the University of Nairobi.
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