PRUDENTIAL ENTERS KENYAN LIFE INSURANCE MARKET
Prudential Plc has, in a multimillion Shilling deal, acquired Shield Assurance Company Limited marking its entry into the Kenyan life insurance market. Nairobi is expected to become Prudential’s East African Regional hub to contribute to the region’s economic growth. Kaplan & Stratton advised Prudential on the acquisition which involved a complex structuring and was approved by the Cabinet Secretary for National Treasury, the Competition Authority and the Insurance Regulatory Authority.
Lawyers involved: