Botswana Insurance Company (BIC) said it has purchased the general lines insurance book of BIHL Insurance Company Limited. The company added that the regulatory approvals for the transaction have been obtained and all legal documentation pertaining to the acquisition has been finalised.

The move follows previous statement released by BIC dated 9 May 2014, in which it stated that it was in the process of discussing a potential acquisition.

“The transition has brought on board additional skills from BIHL Insurance Company Limited to the BIC head office,” the company stated.

“Stakeholders can be rest assured that the highest standards with regards to continued service delivery and product quality will be maintained through BIC’s robust service delivery model.”

Clients with queries should contact BIC head office.