Alexander Forbes News

FACTBOX-Recent Insurance Deals in Sub-Saharan Africa

The Following are some purchases or expansion plans by South African and European insurers in sub-Saharan Africa announced in the past three months [See article above] Nov 28 – French insurer AXA buys control of Nigeria’s fourth-largest insurer, Mansard Insurance …

Alexander Forbes Swings to Profit After Capital Restructuring

Alexander Forbes Group Holdings Ltd., a South African financial services company, swung to a profit in the first half after changing its capital structures in preparation for its initial public offering in July. Net income was 114 million rand ($10.4 …

Marsh Buying Stake in Alexander Forbes of South Africa

Marsh & McLennan Cos. will buy a 34 percent stake in Alexander Forbes Ltd. as Africa’s largest independent pension-fund manager prepares to sell shares on the Johannesburg Stock Exchange next month. Mercer Africa Ltd., a subsidiary of New York-based Marsh …

Lockton Consolidates International Operations with Trident III Buyout

Insurance broker Lockton announced that it has acquired the minority stake in its operations outside the U.S. held by Trident III, L.P., an investment fund managed by Stone Point Capital LLC of Greenwich, Connecticut. The bulletin explained that Stone Point …

Marsh Completes Acquisition of Alexander Forbes’ Brokerage Business

Marsh, a wholly-owned subsidiary of Marsh & McLennan Companies announced that it has completed its previously agreed acquisition of the brokerage business of South Africa’s Alexander Forbes. Marsh said the “transaction comprises its South African insurance broking operations, Alexander Forbes …

Marsh Acquires Brokerage Business of Africa’s Alexander Forbes

Global insurance broker Marsh said it will acquire the brokerage business of African insurance firm Alexander Forbes. This business comprises Alexander Forbes Risk Services (AFRS) and certain local and correspondent operations serviced across sub-Saharan Africa, including Botswana and Namibia. The …