Old Mutual quits insurance business in South Sudan

The Old Mutual Building along Kimathi Street in Nairobi. 

Photo credit: File | Nation Media Group

Regional insurer Old Mutual Holdings Plc is exiting the South Sudan insurance market after four years of loss making in the politically volatile nation.

Old Mutual, which has operated in South Sudan for 26 years, said it was starting a runoff period on the operations during which it will not be taking new insurance business, but will concentrate on honouring existing policies.

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