Old Mutual gets nod to complete merger of life business in Kenya

The transaction involves the transfer of the long-term life insurance business of Old Mutual Life Assurance Company Ltd (OMLAC) to Old Mutual Life Assurance Kenya Ltd (OMLAK).

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Old Mutual Holdings Plc (formerly UAP Holdings Ltd) has received regulatory approval to proceed with the next phase of merging its life insurance businesses in Kenya.

The transaction involves the transfer of the long-term life insurance business of Old Mutual Life Assurance Company Ltd (OMLAC) to Old Mutual Life Assurance Kenya Ltd (OMLAK).