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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.
German insurer, Allianz has acquired a majority stake in Uganda’s Jubilee insurance. (Courtesy photo)
By: NewVision Reporter, Journalist @NewVision
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