×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Pan-Africa Insurance in talks to acquire Gateway, increase market share

Pan Africa Insurance Holdings Ltd (PAIHL) has announced a take-over of Gateway Insurance Company in a move widely expected to bolster its market share and strengthen its position in the general insurance business.

In a media advert yesterday the insurer, which started its underwriting business more than six decades ago, said it has entered into an agreement with Gateway insurance in a deal that is likely to end in the acquisition of a controlling stake in Gateway Insurance.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in