• Last Update 2024-07-19 16:40:00

JKH completes 75% sale of Union Assurance to Fairfax Asia

Business

John Keells Holdings (JKH) has completed the sale of 78 per cent of its stake in Union Assurance General Ltd to Fairfax Asia Ltd, according to a January 2 company announcement.

The conglomerate also said that Union Assurance, a JKH subsidiary, has completed the segregation of its long term and general business by the transfer of the general insurance business to Union Assurance General Ltd on January 1 under the requirements of the Insurance Industry Act.

 

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