LLOYD'S OF LONDON TO INVEST KSH 88 BILLION AS THEY ENTER THE NAIROBI INSURANCE MARKET

Kenya and the United Kingdom have launched the UK-Kenya Strategic Partnership 2025-2030 to strengthen ties and boost economic growth. The deal will see Lloyd’s of London enter the Nairobi insurance market.
In a statement on July 3, 2025, Kenya’s Foreign Affairs Cabinet Secretary Musalia Mudavadi announced that the partnership will pave the way for Lloyd’s of London to enter the Nairobi insurance market, positioning the city as a gateway to the East African market.
"The Partnership will see Lloyd’s of London enter the Nairobi insurance market as a gateway to the East African market valued up to £0.5 billion (Ksh 88 billion). Over the next five years, Kenya and the UK will deliver on high-value investment deals of mutual benefit to both economies,” read part of the statement.
Lloyd’s is the largest commercial reinsurance and insurance marketplace in the world. It acts as a facilitator, connecting underwriters, those who accept risk, with brokers, who represent insurance buyers. Lloyd’s is known for insuring complex, high-value, or unusual risks that many other insurers are unable or unwilling to cover.