MegaBanner-Right

MegaBanner-Left

LeaderBoad-Right

LeaderBoard-Left

Home » Industry News » Sanlam is now the largest insurer in Africa

Sanlam is now the largest insurer in Africa

JOHANNESBURG – Sanlam on Thursday became the largest insurer across the African continent following its $1.05 billion (R15.37bn) splurge on Saham after regulators authorised the purchase of more shares in the Moroccan insurance group.

Sanlam said the deal gives it access to 26 more countries on the continenent, in addition to the seven countries in which it already operates.

“The African presence of the combined group is unparalleled in the industry,” said Sanlam emerging markets chief executive Junior Ngulube.

“With expertise across life, general and specialist insurance and investment management in Africa, we now have significant opportunities for cross-selling and diversification.” Saham has operations across North, West and East Africa, as well as in the Middle East.


Source:

IOL

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

Sanlam to acquire 60% of MultiChoice’s insurance business

Sanlam Limited (Sanlam) and MultiChoice Group Limited (MultiChoice) announced that they have entered into an agreement for Sanlam to acquire 60% of MultiChoice’s insurance...

BPO sector created 8 000 jobs and injected R2,8-billion into Cape Town’s economy in 2023

By Larry Claasen THE Business Processing Sector created almost 8 000 jobs and injected R2,8-billion into Cape Town’s economy in 2023, according to the Invest...

MUST READ

City proposes modification of weirs at Zeekoevlei and Rondevlei to improve...

THE City of Cape Town proposes the redevelopment and upgrade of the weirs at Zeekoevlei and Rondevlei that are located within the False Bay...

RECOMMENDED

Cape Business News
Follow us on Social Media