The InsuResilience Investment Fund (IIF) managed by impact investment manager BlueOrchard Finance (BlueOrchard) has acquired a stake in Vanguard Assurance Limited (Vanguard), a general and micro-insurance group operating in Ghana.
IIF is set up on behalf of the German government by KfW.
IIF has acquired 40 per cent of the company and will appoint directors to the Vanguard board to assist the company in driving its market expansion, rolling out its micro-insurance distribution capabilities, and further enhancing governance. Through the IIF Technical Assistance Facility, it will support Vanguard in developing new products and raising market awareness for climate risk mitigation.
