BK Group Plc is set to merge its insurance subsidiary, BK General Insurance, with the Rwanda Social Security Board’s (RSSB) subsidiaries Sonarwa General and Sonarwa Life to form a new holding company, pending shareholder and regulatory approvals.
The transaction, once approved, will form “InsureCo”, a new holding company operating both general and life insurance businesses in Rwanda.
The deal, already approved by BKG’s board of directors, now awaits shareholder endorsement at the company’s Annual General Meeting (AGM) scheduled for 9th May 2025 at the Marriott Hotel in Kigali.
The new entity will provide diversified insurance products including motor, health, education, and life policies, and expand digital distribution and cross-channel servicing across Rwanda.
The Kenyan Wall Street
BK Group Plc is set to merge its insurance subsidiary, BK General Insurance, with the Rwanda Social Security Board’s (RSSB) subsidiaries Sonarwa General and Sonarwa Life to form a new holding company, pending shareholder and regulatory approvals.
The transaction, once approved, will form “InsureCo”, a new holding company operating both general and life insurance businesses in Rwanda.
The deal, already approved by BKG’s board of directors, now awaits shareholder endorsement at the company’s Annual General Meeting (AGM) scheduled for 9th May 2025 at the Marriott Hotel in Kigali.
The new entity will provide diversified insurance products including motor, health, education, and life policies, and expand digital distribution and cross-channel servicing across Rwanda.
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