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Allianz acquires Sh10.8b stake in Jubilee Holdings

Regional Chief Executive and Regional Executive Board Member of Allianz Africa Coenraad Vrolijk and Jubile Holdings Chairman Nizar Juma toast to the new partnership deal between the two firms in Nairobi yesterday. [Wilberforce Okwiri, Standard]

Regional insurer Jubilee Holdings and German multinational financial services company Allianz have signed an agreement that will see the latter take a controlling stake in Jubilee’s general insurance business.

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