Inside Sanlam and Allianz’s multiyear courtship
The deal gives the local company a foothold in Egypt after having eyed the coveted market for some time
Sanlam’s “transformative” joint venture with Europe’s largest insurer, Allianz, has been in the making for at least a decade, with on and off informal discussions between the parties over the years, the venture’s new CEO, Heinie Werth, has revealed.
The closure of the deal on Tuesday marks a major coup for Sanlam boss Paul Hanratty, who has accomplished what some of his predecessors could no’t — taking the group to the coveted Egypt market, which the joint venture opens for the group...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.