The South African group, Saham Finances takes the name of Sanlam Pan Africa Assurance, the local South African press reported on Friday (November 6th). Paul Hanratty, CEO of the Sanlam Group said: “Former Saham Finances has brought a complementary footprint and expanded our commercial presence across the continent. It has also provided us with particularly strong P&C insurance business in a number of African countries outside of South Africa “.
The manager added that “we are actively working to extend and widen the range of products to be distributed through the SPA Assurance Non-Vie network in Africa. We are determined to continue to develop the non-life activity, while making Life Insurance an essential component of our offer, given the prospects for certain economic development in the region “.
Former Saham Finances, the financial arm of the Saham Group, was a leading insurer with solid fundamentals and present in 26 countries in Africa as well as in Lebanon. As a reminder, the Sanlam Group took control of the former Saham Finances in three phases, between 2015 and 2018.
