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UK firm acquires major Resolution Insurance stake

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Business Daily | by Brian Ngugi


UK-based global insurance solutions provider Linkham Group will acquire a majority stake in Resolution Insurance after agreeing to purchase 100 percent of the equity holding of LeapFrog Investments, a private equity firm backed by US billionaire investor George Soros and JP Morgan for an undisclosed sum.

The firms said Thursday the agreement is subject to certain closing conditions, including regulatory approvals in Kenya, and is expected to complete within this quarter…

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