By Grace Gilo
Kenya has welcomed Lloyd’s intention to establish a regional underwriting office in Nairobi, a move that is expected to further boost the country’s status as a key hub for international capital, financial services and enterprise in East Africa.
“The move reinforces our growing stature as a hub for international capital, financial services and enterprise,” stated President Ruto.
The announcement was made during a signing ceremony between the Nairobi International Financial Centre Authority (NIFC) and Lloyd’s, the world’s leading insurance and reinsurance market.
Lloyd’s, with its century-old reputation for innovation and expertise in underwriting complex risks, will now bring its specialised services closer to East African businesses, enabling tailored insurance solutions for emerging industries.
The partnership is expected to create new opportunities not only in insurance and reinsurance but also in related sectors such as capital markets, professional services and enterprise development.
Additionally, it will give Kenyan businesses access to specialised risk solutions, enhance economic resilience and unlock new growth opportunities across.
“The partnership agreement signed between the Nairobi International Financial Centre and Lloyd’s, the world’s leading insurance and reinsurance market, will give Kenyan businesses access to specialised risk solutions, boost economic resilience and unlock new growth opportunities,” the President added.
By facilitating access to global risk solutions, the collaboration aims to build economic resilience and support sustainable growth in Kenya.
This development also highlights Nairobi’s expanding role as a financial centre that attracts international capital, drives innovation, and fosters business partnerships.