Johannesburg, South Africa | THE INDEPENDENT | Sanlam, Africa’s largest non-banking financial services provider, and Allianz, one of the global insurance and financial services leaders have got approvals from regulators to merge their operations in 27 African countries including Uganda. The two have announced that they have received regulatory approvals …
Read More »Sanlam inks deal with MTN Group’s InsurTech
Kampala, Uganda | THE INDEPENDENT | Sanlam and MTN Group have announced a strategic alliance to market and distribute insurance and investment products across Africa, and have reached a significant milestone with the fulfilment of the regulatory, competition and other requirements. The effective date of the transaction is 31 October 2022. …
Read More »Insurance giants Sanlam and Allianz sign $2.1bn African joint venture
The total group equity value of the joint venture, which will operate in nearly 30 African countries, is expected to be more than $2.1bn, according to Allianz | THE INDEPENDENT | South African insurer Sanlam and Germany’s Allianz have agreed to combine their current and future operations across Africa in …
Read More »Sanlam and Allianz join forces to create African insurance giant
Cape Town, South Africa | THE INDEPENDENT | Sanlam, the largest non-banking financial services company in Africa, and Allianz, one of the world’s leading insurers and asset managers with a century of history in Africa, have agreed to combine their current and future operations across Africa to create the largest Pan-African …
Read More »Sanlam takes over Metropolitan Life insurance portfolio
This increases the insurer’s market share to 12.8% with gross written premiums of Shs41.7bn Kampala, Uganda | ISAAC KHISA | South African based financial services provider, Sanlam Emerging Markets (Sanlam) has continued with the expansion spree in Uganda, with the latest information indicating that its life insurer, Sanlam Life Insurance, …
Read More »Sanlam unveils Income Fund
The product could be a solution for pension funds seeking to diversify their holdings Kampala, Uganda | ISAAC KHISA | Sanlam Investment East Africa has unveiled Sanlam Income Fund in a bid to raise more capital for various investments but also provide favourable returns to investors. This new product places …
Read More »COVID-19 rekindles travel insurance business, call center inquiries
Kampala, Uganda | ISAAC KHISA | Long before the outbreak of coronavirus, one thing that most local travelers never spent time on was to buy a travel insurance cover. Planning and making arrangements for visas, flights and accommodations, researching tourist’s attractions and perhaps buying new clothes was all they needed. Little …
Read More »Collective Investment Scheme assets more than double to Shs 388.5bn
Investors likely to preserve their savings and capital with CIS and fixed income instruments due to the current coronavirus pandemic Kampala, Uganda | ISAAC KHISA | Uganda’s Collective Investment Schemes (CIS) have recorded more than double their assets under management (AUM) to Shs 388.5bn for the FY2019/20 as a …
Read More »How Uganda’s insurance firms performed in 2018
Only nine insurance companies recorded approximately Shs40bn as profit Kampala, Uganda | ISAAC KHISA | Only nine out of 21 Non-life insurance companies operating in Uganda made profits for the year ended Dec.2018, data from the Insurance Regulatory Authority of Uganda shows. Jubilee, UAP, Sanlam, Britam, Goldstar, Alliance Africa, Statewide, …
Read More »Sanlam to pursue bond default directors
Kampala, Uganda | THE INDEPENDENT | Sanlam Kenya now wants directors of companies that defaulted on Ksh1.15 billion through corporate bond issues held personally liable for “misleading” the investment firm, according to Business Daily. CEO Patrick Tumbo said the company will take legal action against firms such as Kaluworks, a …
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