About Cannon Assurance
Cannon Assurance is a company based in Nairobi (Kenya) founded in 1964 was acquired by MMI Holdings in February 2015.. Cannon Assurance operates in a competitive market with competitors including Britam, Blue KC, Prudential, Beazley and APA Insurance, among others.
- Headquarter Nairobi, Kenya
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
MMI Holdings
(Feb 24, 2015)
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Funding Insights of Cannon Assurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cannon Assurance
Cannon Assurance has secured backing from 1 investor. Prominent investors backing the company include MMI Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Life insurance carrier
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cannon Assurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cannon Assurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cannon Assurance Comparisons
Competitors of Cannon Assurance
Cannon Assurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Britam, Blue KC, Prudential, Beazley and APA Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of financial services and insurance products
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| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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| domain | founded_year | HQ Location |
Financial services for pensions and investments are provided by Prudential.
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| domain | founded_year | HQ Location |
Specialist insurance and reinsurance are underwritten for clients worldwide.
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Diversified insurance services are offered throughout Kenya.
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Mutual insurance carrier
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Cannon Assurance
When was Cannon Assurance founded?
Cannon Assurance was founded in 1964.
Where is Cannon Assurance located?
Cannon Assurance is headquartered in Nairobi, Kenya.
What does Cannon Assurance do?
Cannon Assurance was established in 1964 and is headquartered in Nairobi, Kenya. Operations are focused on the insurance sector, where various policies are offered to clients. Services encompass life insurance, personal accident coverage, business protection, and workers compensation plans. Coverage is extended primarily within Kenya, supporting individuals and businesses through tailored risk management solutions. The company maintains an online presence via cannonassurance.com for policy inquiries and services.
Who are the top competitors of Cannon Assurance?
Cannon Assurance's top competitors include Britam, Beazley and Prudential.
Who are Cannon Assurance's investors?
Cannon Assurance has 1 investor. Key investors include MMI Holdings.