Absa unit acquires sister company’s life insurance business

Blak managing director William Maara. FILE POTO | NMG

Barclays Life Assurance Kenya (Blak) is set to take on about 100 corporates that were covered by First Assurance’s life policy as it moves to strengthen its business portfolio.

Blak managing director William Maara announced the transfer of its life insurance business to the sister firm in a notice last week that will be effected by June 30, subject to compliance with industry requirements.

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