Equity Group gets nod to set up independent insurance company

Equity chief executive James Mwangi. FILE PHOTO | NMG

Equity Bank #ticker:EQTY has decided to venture into the insurance business after a decade of learning the ropes as a bancassurance agent.

The lender’s board, which met on Thursday, endorsed a plan to set up a conglomerate that will oversee all insurance business for Equity Group Holdings.

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