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Morocco's Holmarcom Group acquires 51% stake in Monarch Insurance

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Monarch Insurance has announced its deal with the Holmarcom Group through its holding company, Holmarcom Insurance Activities, for the acquisition of a majority stake. The agreement was signed between Mr. Jared Kangwana, Chairman and CEO of Kamu Group, and Mr. Mohamed Hassan Bensalah, Chairman and CEO of Holmarcom.
The acquisition is subject to approvals by Kenya’s Insurance Industry regulator, the Insurance Regulatory Authority and the Competition Authority of Kenya. After the necessary approvals, Holmarcom Insurance Activities will become the majority shareholder of the company with a stake of 51%, along with Kamu Group and Maisha Bank.
The Monarch Insurance is a composite insurance company and has been operating in Kenya for over 40 years. The company has about 130 employees and a large distribution network that includes agents, brokers and 12 branches countrywide. ....

Jared Kangwana , Mohamed Hassan Bensalah , Monarch Insurance Company , Competition Authority Of Kenya , Kamu Group , Holmarcom Group , Insurance Regulatory Authority , Maisha Bank , Holmarcom Insurance Activities , Insurance Industry , Competition Authority , Monarch Insurance , Real Estate , Supply Chain , போட்டி அதிகாரம் ஆஃப் கேந்ய , காப்பீடு ஒழுங்குமுறை அதிகாரம் , காப்பீடு தொழில் , போட்டி அதிகாரம் , மன்னர் காப்பீடு , ரியல் எஸ்டேட் , விநியோகி சங்கிலி ,

Moroccan firm buys 51pc stake in Monarch Insurance

Moroccan firm buys 51pc stake in Monarch Insurance
Summary
Moroccan conglomerate Holmarcom Group, through its holding company, Holmarcom Insurance Activities, has acquired a majority stake in Kenya’s Monarch Insurance.
The firms said Monday the agreement which is subject to certain closing conditions, including regulatory approvals in Kenya is expected to see Holmarcom Insurance Activities become the majority shareholder of the company with a stake of 51 percent.
Tuesday May 25 2021
Monarch Insurance Company board chairman Mr Richard Omwela (left) and chief executive Stephen Okundi. FILE PHOTO | NMG
By BRIAN NGUGI
Summary
Moroccan conglomerate Holmarcom Group, through its holding company, Holmarcom Insurance Activities, has acquired a majority stake in Kenya’s Monarch Insurance. ....

Nairobi Area , Jared Kangwana , George Soros , Mohamed Hassan Bensalah , Jp Morgan , Linkham Group , Monarch Group , Maisha Microfinance Bank , Kenya Monarch Insurance Company , Kamu Group , Holmarcom Group , Holmarcom Insurance Activities , Monarch Insurance Company , Maisha Microfinance , Monarch Insurance , Chester House , United Kingdom Based , Leapfrog Investments , நைரோபி பரப்பளவு , ஜ்ப் மோர்கன் , மன்னர் குழு , மாஷ்ா நுண்நிதி வங்கி , மன்னர் காப்பீடு , செஸ்டர் வீடு , ஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானது , லீப்ஃப்ராக் முதலீடுகள் ,