Linkham Group a UK based insurance firm on Thursday, said it has completed the acquisition of Resolution Insurance.
In February, Linkham Group increased its shareholding in Resolution Insurance after the purchase of 100 per cent of the equity holding in the Kenyan insurance company from private equity impact investment firm, Leapfrog Investments.
Linkham Group Chief Executive Officer Michael Cranfield said the acquisition is part of the Mauritius headquartered firm’s Africa expansion plans.
“As part of the acquisition, we are committing to invest in the business and have consequently appointed Peter Nduati to spearhead management and business growth efforts with immediate effect.”
As part of the growth plans, the Group confirmed the appointment of Peter Nduati as the new Resolution Insurance Kenya Chief Executive Officer.
Alongside his management leadership role at Resolution InsuranceKenya, Nduati will continue acting as the Resolution Group Chief Executive officer.
Resolution Group runs Resolution Insurance Kenya, Resolution Tanzania and Resolution Credit Ltd.
Headquartered in Mauritius, the Linkham Group provides global Insurance Solutions for the Travel, Financial Services and Card payments Industries.
The firm controls operating subsidiaries providing specialist services, including Linkham Risk, Linkham Consulting,
Linkham Technology, Linkham Claims, Linkham Brokers and Linkham Assistance.