Linkham Group, a Mauritius headquartered global insurance services firm, has confirmed the completion of its acquisition of a majority stake in Resolution Insurance Kenya.
The deal will see Linkham Group invest significant resources to revamp and fuel Resolution Insurance Kenya growth, a leading local general insurance services provider.
This investment will focus on quality customer service delivery, adopting cutting-edge technologies, and risk management practices.
Linkham Group appoints Nduati as CEO of Resolution Insurance
Linkham Group has also confirmed Peter Nduati as the new Resolution Insurance Kenya Chief Executive Officer with immediate effect.
Alongside his management leadership role at Resolution Insurance Kenya, Nduati will continue acting as the Resolution Group Chief Executive officer.
Resolution Group runs Resolution Insurance Kenya, Resolution Tanzania and Resolution Credit Ltd.
The appointment of Nduati is expected to facilitate rapid recovery of the Resolution Insurance Kenya business, him having previously served as the firm’s Founding Chief Executive Officer.
Linkham Group Chief Executive Officer Michael Cranfield said the acquisition is part of the Group’s Africa expansion plans.
“The Linkham Group confirms that we have completed the acquisition of Resolution Insurance Kenya. As part of the buyout deal, we are committing to invest in the business and have consequently appointed Peter Nduati to spearhead management and business growth efforts with immediate effect,” said Cranfield.
Plans, Mr Cranfield added, are at an advanced stage to optimize Resolution Insurance’s operating potential through the integration of robust information technology systems while focusing its business portfolio on growth lines.
With the integration of advanced Information Technology (IT) systems, Resolution Insurance will enjoy better operating efficiencies with a responsive and improved end-to-end customer experience.
The Linkham Group provides global Insurance Solutions for the Travel, Financial Services and Card payments Industries. The firm controls operating subsidiaries providing specialist services, including Linkham Risk, Linkham Consulting, Linkham Technology, Linkham Claims, Linkham Brokers and Linkham Assistance.
Resolution Insurance was founded in 2002 by Peter Nduati as a medical insurance provider in Kenya, changing its name from Resolution Health to Resolution Insurance in 2013 as it expanded into East Africa.
The firm has grown to become a tier-two underwriter offering various products from medical plans, travel plans, liability plans, property covers, motor covers and all other classes of general insurance.
Linkham Group is a privately owned organisation founded in 2007 as an independent, innovative and provocative consultancy company that challenge industry norms.
The Group is a specialist in the end-to-end delivery of Insurance solutions to the Financial Services, Airline, Broker and Card payments sector.
It currently has a market presence in Kenya, Ireland, United Kingdom, Mauritius and South Africa.