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Acquisition is part of broader objective of the North African firm to spread its footprint

From left: Gianluca Marcopoli, Saham group director general, Samuel Ndegwa, chairman, Mercantile Insurance and Supriyo Sen, Mercantile Insurance MD display the new firm’s logo.

By WINSLEY MASESE

NAIROBI, KENYA: Mercantile Insurance Company has rebranded to Saham Assurance, following acquisition of a controlling stake by a Moroccan-based investment company, Saham Group.

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