BK Group PLC could in the coming days acquire one or more private insurance companies in the country in its quest to expand the lender's insurance portfolio under BK General Insurance Company Ltd. BK Group is in talks with a number of insurance firms in the country which could see the acquisition of one or more insurance firms. The development was confirmed by the BK Group's Chief Executive Officer, Diane Karusisi, on the sidelines of the BK Group's Annual General Meeting on May 8, 2019. Karusisi, however, said that the Group is not seeking to acquire a local bank as had been speculated. Karusisi said that they are looking at a number of options in the local market but were yet to close in on any at the moment. Acquiring a player in the local market, Karusisi said, is the right thing to do to grow their market share and probably go beyond general insurance to health insurance. "We are looking at a number of options; we believe it's the right thing to do because we want to have a sizable market share. Beyond that we have been doing general insurance and looking at options available," Karusisi said. In a recent Interview with BK General Insurance Chief Executive, Alex Bahizi, said that mergers and acquisition in the insurance sector are ideal at the moment as firms seek to expand scope, scale, technology and capacity among other aspects. "If you look at the trend, size of insurable assets in Rwanda, mergers and acquisition are key in terms of growing scope, scale, technology, strength, capacity," Bahizi said. Bahizi said that, among the key aspects to look out for when acquiring an insurance firm is its brand, royal customers the buyer will inherit and impact on buyer's portfolio among others.