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About Madison Group Limited
Madison Group Limited is a prominent locally owned financial services holding company in Kenya, specializing in insurance and wealth management services. Established in 1988 through a merger between Crusader Plc (1974) and Kenya Commercial Insurance Corporation, the group has experienced significant growth. It comprises three main subsidiaries: Madison Life Assurance Kenya Limited, Madison General Insurance Kenya Limited, and Madison Investment Managers Limited. Madison Group is committed to providing innovative financial solutions, safeguarding wealth for its stakeholders, and upholding strong corporate governance practices. With a network of 23 branches across the country, Madison Group aims to be a leader in securing the financial future and protecting the assets of its clients.
Average Salaries at Madison Group Limited (2025)
Salaries at Madison Group Limited are competitive within the Kenyan financial services and insurance sector. Compensation typically varies based on the role, level of responsibility, qualifications, and experience. Here are some estimated monthly basic salary ranges for common positions:
| Role | Monthly Basic Salary (KES) |
|---|---|
| Sales Executive | 30,000 – 70,000+ (plus commissions) |
| Assistant Underwriter | 40,000 – 80,000+ |
| Care Manager (Healthcare) | 50,000 – 100,000+ |
| Investment Analyst | 60,000 – 120,000+ |
| Supervisor (Underwriting/Claims/Property Management) | 70,000 – 150,000+ |
| Business Development Manager | 100,000 – 250,000+ (plus bonuses) |
| Treasury Accountant | 80,000 – 180,000+ |
| Actuarial Manager | 150,000 – 350,000+ |
| Group Financial Controller | 200,000 – 500,000+ |
Open Vacancies at Madison Group Limited
FAQs About Madison Group Limited
Q: What are the main subsidiaries of Madison Group Limited? A: The main subsidiaries are Madison Life Assurance Kenya Limited, Madison General Insurance Kenya Limited, and Madison Investment Managers Limited.
Q: What types of insurance does Madison Group offer? A: They offer both life assurance and general insurance products, including healthcare, personal accident, and professional indemnity.
Q: Does Madison Group offer investment services? A: Yes, through Madison Investment Managers Limited, they offer various investment funds like Money Market Fund, Fixed Income Fund, and Wealth Special Fund.