MUA finalizes the acquisition of Saham Kenya

MUAMauritus Union Assurance Company (MUA) has finalized the acquisition of 100% of Saham Assurance Kenya through its subsidiary MUA Insurance Kenya, formerly known as Phoenix of East Africa Assurance Company.

The transaction is subject to the approval of the Kenyan supervisory authorities and is expected to be completed by the end of 2020. This merger is included in the strategy of the Mauritian insurer "Ambition 2020" which plans to promote its operations in East Africa and particularly in Kenya.

Lydia Kibaara, General Manager of Saham Kenya, is called upon to manage the merged entity which from now on, shall take the name of MUA.

The Mauritian group holds subsidiaries in Kenya, Uganda, Rwanda, Tanzania and Seychelles.

Read also | Insurance industry in Kenya

Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits