Nairobi, Nov. 9 -- Absa Group has completed its exit from direct ownership in two Kenyan insurers following a Sh3 billion buyout by local investors, marking the end of its decade-long investment in the local insurance market.

In a public announcement, First Assurance Investments said it has now completed the acquisition of Absa's entire 63.32 percent shareholding in the two insurers-First Assurance Company Limited and Absa Life Assurance Kenya-after regulatory approval.

Published by HT Digital Content Services with permission from Business Daily....