Hollard International (HINT), Johannesburg-headquartered Hollard Group Insurance's international business, has taken a bold step forward in its Africa growth strategy with the successful completion of two major acquisitions -- one of Global Alliance Seguros in Mozambique and the other of Absa Life Botswana.
bolttech yesterday announced its partnership with Sumitomo Corporation, one of Japan's largest trading houses. The two companies will enter a joint venture to deliver technology-enabled embedded solutions to distribution partners across a number of markets in Asia.
Pan-African insurance group, SUNU Group, and the international microfinance group Advans have announced that SUNU Assurances Vie Cameroun has acquired a stake in Advans Cameroun.
The board of directors of BK Group has approved the establishment of a new insurance group through a merger of BK General Insurance, Sonarwa General Insurance and Sonarwa Life Assurance.
Further market consolidation is likely in 2025, especially if those listed insurers currently under regulatory scrutiny for not meeting solvency capital requirements fail to recover within the specified timeframe, Fitch Ratings says in a new report.
WTW, a leading global advisory, broking and solutions company, has announced a change in the ownership of its longstanding insurance broking joint venture, UAE-based Al-Futtaim Willis (AFW).
Walaa Cooperative Insurance Co has received a no-objection letter from the Insurance Authority to acquire 88% of Aspire Underwriting Agency.
Howden India has appointed Ms Mandira Gupta as managing director and head of M&A, IMEA. In her new role, she will lead Howden's strategic focus on private equity and transactional risk insurance solutions.
The International Finance Corporation (IFC) has completed its acquisition of a stake in Holmarcom Finance Company (HFC), following the receipt of the required regulatory approvals, thus strengthening their shared commitment to sustainable and inclusive finance in Africa.