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Chartered Insurance Brokers buys Exclusive Insurance

Chartered Insurance Brokers (CIB), a leader in the insurance brokerage sub-sector on Wednesday announced it has acquired Exclusive Insurance Solutions effective 1st February 2024.

According to a statement, the transaction which has already been approved by Non-Bank Financial Institution Regulatory Authority (NBFIRA), has resulted in a 100 percent shareholding stake in Luxiant Services trading as Exclusive Insurance Solutions (EIS). As a result, full operations shall transfer to CIB including the full insurance book and some key staff members. / read more