German insurer takes 66% of Jubilee Insurance

The acquisition follows an agreement with Jubilee Holdings Limited to cede 66% of the company’s short-term general (property and casualty) activities to the German insurer.

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German insurer, Allianz has acquired a majority stake in Uganda’s Jubilee insurance. (Courtesy photo)
By NewVision Reporter
Journalists @NewVision
#VisionUpdates #Insurance #Business

German insurer, Allianz has acquired a majority stake in Uganda’s Jubilee insurance, making it the largest insurance group in the East African region. 

The acquisition follows an agreement with Jubilee Holdings

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