CAPE TOWN — South Africa’s state-owned insurance company Sasria is in talks with National Treasury for a larger bailout than the 3.9 billion rand ($272 million) already promised, its managing director told a parliamentary committee on Wednesday. Sasria, the only …
South African insurer Discovery scrapped its annual dividend again on Thursday and said it may have to raise equity capital to cover costs linked to its investment in China’s Ping An, sending its shares down 8%. The company, which ties …
Milliman Inc., the Seattle-based global consulting and actuarial firm, is opening an office in Cape Town, South Africa. The office will be led by industry veteran David Kirk and will serve Sub-Saharan Africa. The Cape Town location is a reflection …
MMI Holdings Ltd., South Africa’s third-largest insurer, agreed to pay 1.6 billion rand ($157 million) for Alexander Forbes Ltd.’s insurance business. MMI will fund the cash acquisition of Guardrisk from its “capital buffer,” the Johannesburg-based company said in a joint …
