Browsing: insurance

In November 2012, Nduati sold 27 percent of his stake in the insurance company to private equity firms in a deal estimated at Sh300 million.

According to the Business Daily, the African Development Corporation (ADC), which previously held 25.1 percent in Resolution Health, was one of the companies that bought the new shares.

English sea-faring merchants would pay banks to cover them in case of a shipwreck and if the ship returned safe from its journey the bank would keep the premiums.
A premium so paid covers the cost of insuring the individual and provides assurance to the insured that in the event of a loss he/she will be covered.