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Insurance M&As continue as solvency deadline looms

Posted On: Nov. 19, 2019 5:15 AM CST

A report by Kenya-based Cytonn Investments Management PLC said that mergers and acquisitions are expected to continue in the country's insurance sector as insurers rush to meet a solvency requirement deadline of June 2020, Standard Digital reported. The new capital requirement has made it difficult for smaller insurers to continue with operations without increasing their capital or merging.

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