Liva Insurance Company and Malath Cooperative Insurance Company signed a non-binding memorandum of understanding (MoU) to evaluate the feasibility of a merger.
Both companies will conduct technical, financial, legal, and actuarial due diligence and engage in non-binding discussions on the terms and conditions of the Proposed Transaction.
The MOU is valid from signing and until completion, termination of negotiations by one party, or the expiry of one year from the date of signing the memorandum; whichever is earlier.