Business

JKH completes 75% sale of Union Assurance to Fairfax Asia

6 January 2015 - 280   - 0

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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