The SanlamAllianz Group has received approval from Ghana’s National Insurance Commission (NIC) to proceed with the merger of its Ghanaian subsidiaries.
Details
This regulatory approval paves the way for the consolidation of Sanlam Life Insurance Ghana Limited with Allianz Life Insurance Ghana Limited, and Sanlam General Insurance Ghana Limited with Allianz Insurance Ghana Limited.
This merger follows the announcement in September 2023 of the SanlamAllianz joint venture, a strategic partnership spanning 27 African countries with a combined enterprise value approaching $2 billion.
The integration of these entities is expected to enhance the market presence and operational efficiency of both brands within the Ghanaian insurance sector.
What They’re Saying
“We are confident that our merged businesses in Ghana will create significant value for our clients, shareholders, and other stakeholders. The combined expertise and resources of our respective companies will enable us to provide innovative solutions and services to meet the ever-evolving needs of our clients,” said Heinie Werth, CEO of SanlamAllianz.
Source: NorvanReports
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