The Nigerian company Capital Express Assurance has taken control of Capex Life Assurance (formerly Trinity Life Insurance). The takeover was completed for 1.5 million USD.
Capital Express now owns 65% of the capital against 35% for the Kenyan partners. Trinity Life Assurance was one of the smallest players in the sector with a market share of 0.13% in 2009 and a premium income of 204 000 USD.
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