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Sanlam is a South African financial services group headquartered in Bellville, Western Cape, South Africa. [2] Sanlam is one of the largest insurance company in Africa.It is listed on the Johannesburg Stock Exchange, the Namibian Stock Exchange and the A2X. [4]
Sanlam Kenya plc was founded on 26 October 1946 [3] as the Indo Africa Insurance Company Limited and began writing life insurance business in 1947. In 1963, the Company became the first insurance company to list its shares on the Nairobi Securities Exchange .
The company is listed on the Botswana Stock Exchange. Nico Holdings Plc – Blantyre, Malawi – 25.10% Shareholding – The group operates insurance and investments businesses in Malawi, Tanzania, Uganda, Zambia and Mozambique, as well as a banking business through NBS Bank. [8] The company is listed on the Malawi Stock Exchange. [9]
One month later the South African Life Assurance Company was established as a full subsidiary of Santam to focus on life assurance while Santam remained focused on short-term insurance. [8] Santam is a subsidiary of South African financial services group Sanlam, which holds 62.3% of Santam’s shares.
MiWay Insurance is the first South African-based direct insurance company to offer the purchase and administration of short-term insurance policies online. [1] MiWay was launched in 2008 as an initiative between Santam , Sanlam and PSG.
It is jointly owned by Shriram Ownership Trust (SOT) and Sanlam Group. [15] Shriram Properties is a real estate developer focusing on mid-income housing projects, primarily in South India. [16] Shriram Fortune is the financial services distribution arm of the group. [17] Shriram AMC is an asset management company focused on mutual funds. [18]
Metropolitan was founded in 1898 as Homes Trust Limited and was later acquired by Sanlam in 1918. [3] [4] Sanlam merged Homes Trust Limited with Metropolitan Life Insurance Company Limited (another one of its subsidiaries) to form Metropolitan Homes Trust Life Limited in 1979.
In 2012, as part of its regional expansion goal, SORAS Group acquired 33% of shares of an insurance company in Burundi, SOCAR SA. This new acquisition led to the change of the company's meaning, SORAS, from Société Rwandaise d’Assurances becoming Société Régionale d’Assurances. The name change was to reflect the Group's status as a ...