Sanlam signs JV with European giant Allianz to boost Africa drive
Partnership will pool the companies’ operations on the continent, excluding SA, creating an entity worth more than R33bn and operating in 29 countries
04 May 2022 - 08:14
UPDATED 04 May 2022 - 18:39
Africa’s largest insurer, Sanlam, has agreed to form a joint venture (JV) with Europe’s largest insurer, Allianz, that will pool most of their businesses on the continent and create a financial services partnership worth more than R33bn.
The JV, a partnership where operations are combined but companies retain their identities, will operate in 29 countries, excluding SA, for at least a decade. The resulting platform is expected to be ranked in the top three insurers in most of the markets where it will operate, Sanlam said...
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