Swiss Re buys stake in Kenya-based insurance group Apollo Investments

Swiss Re’s London Headquarters

Switzerland's Swiss Re expanded its pool of investments in Africa with a minority stake in Kenya-based insurance group Apollo Investments Limited, a spokeswoman for the reinsurer said on Wednesday.

Swiss Re already has stakes in insurance companies in Tunisia and Morocco, and industry observers see Africa, with its low insurance penetration, as a potential growth market for the future.

Read more: Swiss Re buys stake in east African insurance group | Reuters.

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