News from Allianz, NFP, Duck Creek Technologies and more. (Photo: Shutterstock)

Allianz became the majority shareholder in Jubilee General Insurance Company of Tanzania Limited. This transaction consists of Allianz acquiring 51% stake ordinary shares from Jubilee Holdings Limited and AKFED combined. JHL will retain a 15% stake and the 6 minority shareholders will maintain their total of 34% shares in the company.

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