Greenoaks acquires 92.8% of Union Assurance

Greenoaks Global Holdings (GGH) has announced the completion of the purchase of 92.8% of Union Assurance Company Ltd shares.

The new acquisition, whose amount hasn't been unveiled, follows GGH's ones in Rwanda, where the British insurance venture company has purchased 85% of Cogear and Prime Life Insurance.

According to Andrew Broda, representative of GGH, this investment represents an important element in the emerging markets penetration strategy of its company.

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