Sanlam inks R200m deal for Alexander Forbes client administration unit
Business will become part of Glacier, while insurer is selling its retirement fund administration business
06 December 2021 - 08:46
Africa's largest insurance group, Sanlam, has agreed to buy Alexander Forbes’s individual client administration business (Afica) for R200m, and to sell its stand-alone retirement fund administration business to that insurer for R154m.
The two transactions will enhance Sanlam’s competitiveness through increased scale, the insurer said on Monday. ..
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