LeapFrog Investments News

Insurtech Microinsurance Specialist, BIMA, Gets $16.8M Investment

BIMA, the insurtech firm that offers microinsurance in emerging markets, announced the close of an investment of US$16.8 million by Axiata Digital, the digital services arm of Axiata Group Berhad, one of Asia’s largest telecommunications groups. Axiata Group Berhad (Axiata) …

Zurich Announces Initiative to Fund Solutions to Social and Environmental Issues

Zurich Insurance Group announced that it plans to “allocate up to 10 percent of its private equity investments to impact private equity funds, currently expected to total $100 million by the end of 2015. These funds will measure the social …

Swiss Re Targets Nigerian Acquisition, Seeking to Tap African Growth Rates

Swiss Re AG, which has had an African presence for more than 60 years, said it’s in talks with Nigerian insurers to buy minority stakes and benefit from growth in the continent’s largest economy. “We’d like to have more investments …

LeapFrog, Lombard to Acquire Stakes in Thai Insurer SMK from RSA

LeapFrog Investments, Lombard Investments, and Syn Mun Kong Insurance Public Company Limited (SMK) [SMK:Bangkok] announced today that LeapFrog and Lombard will each acquire approximately 11 percent of SMK, from Royal & Sun Alliance Insurance Plc (RSA). The venture is the …

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 …

LeapFrog Buys Majority Stake in Kenya’s Resolution Insurance

LeapFrog Investments, the private equity firm with a focus on Africa and Asia, said it will pay 1.68 billion shillings ($18.6 million) to gain control of Kenya’s Resolution Insurance and tap growth in health coverage. LeapFrog will invest through Resolution …

Africa Provides Insurers With New Business Opportunities

Global insurance companies are flocking to Africa, where millions of people have started earning enough to afford business cover and protection for their families, said private equity firm LeapFrog Investments. “We’re at an immense inflection point in history where millions …