Sanlam, Allianz to create African insurance giant



The Standard | by Graham Kajilwa


Insurance firms Sanlam and Allianz have agreed to combine their current and future operations to create the largest non-banking financial services entity in Africa.

The joint venture will house the business units of both Sanlam and Allianz in the African countries where one or both companies have a presence.

Namibia will be included at a later stage and South Africa is excluded from the agreement, the firms said in joint statement yesterday…

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