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Cytonn projects more mergers in insurance

Cytonn stand at the Homes Expo PHOTO/WILBERFORCE OKWIRI

A wave of mergers and acquisitions in the insurance sector is expected to continue as firms rush to beat a solvency requirement deadline by June next year, a new report has said.

The Cytonn H1’2019 Insurance Report on listed insurers said the move to a risk-based capital adequacy framework could lead to capital raising initiatives by a section of  players.

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