Sanlam, Africa’s biggest insurer, expands its footprint as rivals scale back
10 October 2019 - 19:37
Africa’s largest insurer is getting breathing room to build on its biggest-ever acquisition and expand existing operations as rivals scale back on the continent and its main competitor squabbles with its fired CEO.
Sanlam in 2018 spent about $1.1bn to buy all of Casablanca-based Saham Finances and gain a footprint in more African countries than any other financial-services company outside of banking...
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