In its first move into life cover, King Price has concluded a R140m deal to acquire Stangen from African Phoenix, the short-term insurer's CEO Gideon Galloway told Business Times this week.

Galloway says moving his business into life insurance has always been part of the plan.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now