Old Mutual widens new insurance net with plan to buy Genric Insurance
The transaction will give Old Mutual access to a new customer base in accident and health, medical insurance, as well as other niche areas
05 September 2022 - 20:49
Old Mutual Insure has signed a share purchase agreement that will see it acquire 100% of Genric Insurance Company (Genric) for an undisclosed amount.
Genric is a licensed non-life insurer that partners with and holds ordinary equity interests in a number of specialist underwriting management agencies, start-up businesses and insure-tech innovators...
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