Africa
South Africa insurer Sanlam buys 49% stakes in Firstglobal AM
Graviton Financial Partners, a wholly-owned subsidiary of South African insurance giant Sanlam, has acquired a 49% stake in Firstglobal Asset Management for an undisclosed sum.
Zurich to sell Africa units to Canadian insurer Fairfax
Swiss-based insurer Zurich has sold its operations in South Africa and Botswana to Canada’s Fairfax Financial Holdings for an undisclosed sum.
Unilife: Life cover out of Africa
International life insurer Unilife has its roots firmly planted in Africa, but managing director Stephen Conway has his sights set on entering Europe as well as the changing face of the life market.
Mauritius a leading offshore centre among Africa’s IFAs
Mauritius is set to become the offshore centre of choice among financial advisers based in Southern Africa, a new survey has revealed.
Old Mutual Wealth to be spun out and floated
Old Mutual Wealth is set to be spun out of its parent group and floated on the London and Johannesburg stock exchanges as part of Old Mutual’s four-way demerger.