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Patrick Tumbo, CEO of Kenya-based Jubilee Insurance Co. Ltd., has said that the insurer is in talks to acquire three insurers, reported The Standard Digital News.
"We have the financial muscle to acquire as many insurance companies as possible, but right now, we are in talks with three — one international and two local," said Mr. Tumbo.
Jubilee Insurance will also expand into more nations in Africa, said Mr. Tumbo.
The insurer is looking at entering the Ethiopian market.