Asset management firm Camissa expects Santam, SA’s largest short-term insurer, to continue delivering high returns to its shareholders that has been further bolstered by its joint venture with Europe’s largest insurer, Allianz.

The tie-up pools most of the groups’ businesses on the continent to create a financial services partnership worth about R35bn and also offers Sanlam access to the coveted Egyptian market, which as a population of more than 100-million...

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