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Sanlam to buy majority stake in financial wing of top African media group

by AIP Online Bureau | Jun 18, 2024 | Eco/Invest/Demography, International News, Life, Non-Life

The deal gives Sanlam an opportunity to further expand its insurance and financial services business across Africa, the companies said. Opportunities outside South Africa will be facilitated through its SanlamAllianz business JOHANNESBURG: South African insurer Sanlam...
S Africa’s Sanlam hikes stake in 2 Shriram insurance JVs, TPG to exit insurance cos

S Africa’s Sanlam hikes stake in 2 Shriram insurance JVs, TPG to exit insurance cos

by AIP Online Bureau | Apr 5, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

Sanlam has already entered into a share purchase deal to buy 6.29 per cent in Shriram General  Insurance Company (SGIC) and 7.04 per cent in Shriram Life Insurance Company (SLIC) from TPG India Investments, and 4.45 per cent in SGIC and 4.98 per cent in SLIC from the...
Sanlam banks on India as its home market reels

Sanlam banks on India as its home market reels

by AIP Online Bureau | Jan 22, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life

Paul Hanratty,Chief Executive Officer, Sanlam “If you ask where our real short-term upside is, it’s India. We’ve got a great business with them, growing tremendously. That is our fast-growth outlet” Paul Hanratty, 62 Sanlam Ltd., Africa’s biggest insurer, is banking...
Allianz and Sanlam to merge their African business to form the largest pan-African insurer

Allianz and Sanlam to merge their African business to form the largest pan-African insurer

by AIP Online Bureau | May 4, 2022 | International News, Life, Non-Life

Combining Sanlam’s expertise in Africa with Allianz’s global capabilities and insurance solutions, particularly for multinational businesses, the partnership aims to increase life and general insurance penetration, accelerate product innovation and drive financial...

Sanlam looks for strategic partnership with Allianz in Africa

by AIP Online Bureau | Dec 23, 2021 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Allianz makes less than 500 million euros [US$564.1 million] in revenues from its African operations in 2020, but is looking to expand on the continent JOHANNESBURG – African insurer Sanlam Ltd. said on Wednesday it was exploring “strategic alternatives” with...

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