Liberty Kenya Holdings Limited is a major Kenyan insurance company that is a subsidiary of the South African Liberty Holdings Limited, a Pan-African financial services company.
The group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya and Tanzania.[2] The flagship company of the group is CFC Life, with headquarters in the CFC House along Mamlaka Road in Nairobi, Kenya's capital and largest city.
History
The group was founded in Kenya in 1964 as the Kenya American Insurance Company Limited as part of the AIG Group of companies. In 1987, the organization changed its name to American Life Insurance Company (Kenya) Limited – ALICO Kenya. CfC Bank holdings acquired ALICO Kenya in 2004 and changed its name to CfC Life Assurance Company Ltd.
In 2008, CfC Bank holdings merged with Stanbic bank, forming CFC Stanbic Bank Holding which was now a subsidiary of the Standard Bank Group.
In 2011, Liberty Holdings Limited became the strategic investor in CfC Life and Heritage with the listing of CfC Insurance Holdings on the Nairobi Securities Exchange through introduction.[3]