South Africa’s Old Mutual Insure buys non-life insurer Genric
South Africa-based Old Mutual Insure has signed a share purchase agreement to acquire Genric Insurance Company. Under the terms of…
Middle East & Africa
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Middle East & Africa
Amana Cooperative, ACIG agree to evaluate merger proposal
Saudi Arabia-based insurers Amana Cooperative Insurance Company and Allied Cooperative Insurance Group (ACIG) are assessing the possibility of a merger.…
BHSI names new Middle East Casualty head
Berkshire Hathaway Specialty Insurance (BHSI) has promoted Mohammed Hannoun to head the Casualty division of the Middle East, replacing Emir…
Allianz mulls stake sale in Saudi arm
German insurance major Allianz is weighing options to divest its Saudi Arabian unit, Bloomberg reported citing unnamed sources. The sale is aimed…
ADIA in talks to pick stake in Aditya Birla Health Insurance
Abu Dhabi Investment Authority (ADIA) is in discussion to acquire a minority stake in Aditya Birla Health Insurance (ABHI), the…
EquiTrust Life chooses Sapiens’ suite of solutions for next-generation agent experience
EquiTrust Life, a North American life and health insurance company, has selected Sapiens International's suite of e-application, illustration and digital…
Iran insurance industry grows at a CAGR of 29.1% in 2020
The insurance industry in Iran witnessed a rise at a compound annual growth rate (CAGR) of 29.1% during 2015 to…
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Mauritius-based MUA eyes insurance market in East African countries
Mauritius-based insurance company MUA is looking to expand operations in several East African countries, Bloomberg has reported. MUA CEO Bertrand Casteres believes…