CIC Insurance Group has issued a clarification following an online notice claiming that Corporate Insurance Company Limited had been placed under statutory management.
In a notice released on 11th March 2026, CIC Group, also known as Co-operative Insurance Company, said the company mentioned in the notice is separate and has no connection at all with CIC Insurance Group.
“We wish to clarify that the company Corporate Insurance Company Limited is a separate and distinct entity with no affiliation to CIC Insurance Group Plc,” read part of the notice.
IRA Notice on Corporate Insurance Company
The confusion started after the Insurance Regulatory Authority (IRA) issued a public notice confirming that Corporate Insurance Company Limited had been placed under statutory management effective 10th March 2026. The IRA explained that it made the decision based on the insurance law and put the Policyholders Compensation Fund in charge of running the company during the takeover.
“The Insurance Regulatory Authority has, with effect from 10th March 2026, placed Corporate Insurance Company Limited under Statutory Management as per Section 67C(2)(i) of the Insurance Act,” IRA had stated.
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In its notice, IRA also instructed the company to stop issuing new insurance policies from 11th March 2026 and advised current policyholders to immediately seek alternative cover from other licensed insurers. IRA also assured that PCF would compensate affected claimants as provided for in the Insurance Act and that long-term policyholders would receive guidance from PCF on managing their policies going forward.
CIC Reassures Public That Its Operations Remain Stable and Unaffected
According to the company’s Managing Director and CEO, Patrick Nyaga, the company only recently learned about the online notice.
He said that Corporate Insurance Company Limited “has no affiliation to CIC Insurance Group Plc.” CIC also assured the public that all its operations in Kenya, Malawi, South Sudan, and Uganda are running normally
The Group is still listed on the Nairobi Securities Exchange, Nyaga, emphasizing that its business remains stable and unaffected.
“CIC Insurance Group Plc and its subsidiaries are fully operational in Kenya, Malawi, South Sudan, and Uganda. The company is listed on the Nairobi Securities Exchange,” stated the company.
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About CIC Insurance Group Plc
CIC Insurance Group is one of Kenya’s well‑known insurance companies. It started in 1968 and has grown over the years into a big provider of insurance and financial services in the region.
The company operates in Kenya, Uganda, South Sudan, and Malawi, offering services such as general and life insurance, medical cover, and investment management, serving millions of customers, including ordinary individuals, small and large businesses, cooperatives, and government offices. It is especially popular for its close ties to the cooperative movement and its affordable insurance products.
The company also runs several smaller units in Kenya, offering General Insurance, Life Assurance, and Asset Management, which help it provide a wide range of services under one company.
The company, also listed on the Nairobi Securities Exchange (NSE), has its head office at CIC Plaza in Upper Hill, Nairobi, and continues to grow, remaining one of the biggest insurance companies in East Africa.
