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Sanlam General Insurance Tanzania [24] – 52% (direct 47% and 5% indirect via NICO Holdings) Sanlam General Insurance Uganda – 84%(direct 79%and 5% indirect via NICO Holdings) NICO Zambia – 62% (direct 49% and 13% indirect via NICO Holdings) Shriram General Insurance, India – 43% via Shriram Capital; Pacific & Orient, Malaysia – 49%
Prudential Assurance Uganda Limited (Acquired Goldstar Insurance in June 2015) The Jubilee Life Insurance Company of Uganda; Liberty Life Assurance Company Limited; NIC Life Assurance Company Limited; Sanlam Life Insurance Company Limited [6] UAP Life Assurance Uganda Limited; CIC Africa Life Assurance Limited
NICO Holdings' headquarters are in Blantyre, Malawi, with operating presence in six African countries i.e. Malawi, Zambia, Tanzania, Uganda, Mozambique and Zimbabwe. [2] The group offers a wide range of financial products and services which include: asset management, life assurance, retirement planning, general insurance, health insurance, banking, information technology and property management.
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.
These were (a) Zep Re (b) Africa Re (c) Kenya Re and (d) Uganda Re. [3] The company undertakes reinsurance business from the African continent and the Indian Ocean Islands. Uganda Re reinsures both life and non-life insurance policies. [4] As of March 2023, Uganda Re's shareholders' capital was reported as US$4,142,000. [5]
Shriram General Insurance is engaged in commercial and retail vehicle insurance, home insurance and travel insurance. It is a joint venture between Shriram Group and Sanlam. [13] Shriram Capital (formerly Shriram Financial Ventures) is the holding company and promoter of Shriram Group's financial services and insurance businesses. [14]
CIC Insurance Group: Insurance: CFCI: Liberty Kenya Holdings Limited (formally CFC Insurance) Insurance: JUB: Jubilee Holdings Limited: Insurance, investments. Crosslisted on the Uganda Securities Exchange and the Dar es Salaam Stock Exchange: KNRE: Kenya Reinsurance Corporation: Reinsurance: SLAM: Sanlam Kenya Plc (formally Pan Africa ...
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.