Sanlam and Allianz combine operations in Africa to create insurance giant

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 non-banking financial services entity on the continent. This combination means that customers across Africa will benefit from the expertise and financial strength of two respected and well-known brands, Allianz said in a statement on 4 May.  The joint venture will house the business units of both Sanlam and...