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…
South Africa
Latest in
South Africa
Allianz and Sanlam agree to merge African insurance operations
German insurance major Allianz and Sanlam have reached an agreement to merge their current and future operations in Africa. The…
Sanlam and Allianz exploring alternatives for their African businesses
South African insurance company Sanlam has revealed that it is in talks with German insurance giant Allianz for their respective…
Guy Carpenter and Marsh to merge South Africa facultative reinsurance business
Marsh McLennan’s businesses Guy Carpenter and Marsh have announced plans to merge their South Africa facultative reinsurance operations. Post-merger, which…
Root secures seed funding to expand low-code insurance platform
South African insurtech firm Root has raised $3m in a seed funding round to launch a low-code digital insurance platform…
Standard Bank to buy remaining stake in Liberty Holdings for $729m
South Africa-based Standard Bank Group (SBG) has launched a buyout offer to take full control of Liberty Holdings for $728.75m.…
MiWay taps DSG and Zendrive to support motor insurance offering
South African insurance company MiWay has partnered with Zendrive and DSG to support motor insurance offering MiWay Blink. The move…
South African insurer Sanlam to buy $50m stake in ARC FS’ new subsidiary
South African insurer Sanlam has reportedly finalised a deal to acquire a 25% stake in African Rainbow Capital Financial Services…
By