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Structuring insurance cover for pensioners

12 November 2014

Alexander Forbes Insurance (AFI) says pensioners should be offered specialist insurance products and not treated just like younger, riskier counterparts who they are often required to cross subsidise. They also should not be expected to fund other younger segments of the population.

Alexander Forbes publishes details of its listing following announcement to float shares on the exchange operated by JSE

10 July 2014

• Alexander Forbes shares expected to be listed and start trading on the exchange operated by JSE on 24 July 2014 • Shares are only offered to institutional and other selected investors. The offer is not open to the public • Offer price range set at R6.90 – R8.05 per Alexander Forbes ordinary share • Alexander Forbes to raise R330 million primary capital through the issue of 44.1 million new shares (assuming an offer price at the mid-point of the offer price range) • Selling Shareholders to offer 387.8 million existing ordinary shares (assuming an offer price at the mid-point of the offer price range), excluding an over-allotment option of up to 15% of the offered shares • Mercer to acquire 14.9% of the ordinary shares of Alexander Forbes at listing and an additional 19.1% (both tranches subject to regulatory approvals and certain other conditions) from existing shareholders at the offer price if the offer prices within the range of R7.21 to R8.05 per share or at a price which will represent up to a 2% premium to the offer price if the offer prices within the range of R6.90 to R7.21 per share • Listing on 24 July 2014 enables continuity of both the Group’s business strategy and the Alexander Forbes brand

Mercer to acquire 34% strategic stake in South Africa-based Alexander Forbes

23 June 2014

Mercer announced today that it has entered into a definitive agreement to acquire a 34% stake in South Africa-based Alexander Forbes Group Holdings Limited (Alexander Forbes), becoming a key strategic shareholder in the upcoming listing of Alexander Forbes on the Johannesburg Stock Exchange (JSE). Alexander Forbes also announced today its intention to list on the JSE. Alexander Forbes provides a range of services to institutional and retail clients that align closely with Mercer’s global business. Mercer is a wholly-owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital.

Alexander Forbes Insurance offers to beat your residential cover or pay you R1000

18 June 2013

Alexander Forbes Insurance (AFI) this week announced a R1000 payback incentive if they cannot beat your existing residential building cover. The offer is available to prospective clients who have an insurable interest in the building for which a quotation

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

View the Results

Financial services giant celebrates new green building

16 October 2012

Marsh Completes Acquisition of Alexander Forbes' Brokerage Business

09 January 2012

Alexander Forbes to sell its brokerage business to Marsh

01 September 2011

Southern Africa needs a regional insurance market

28 June 2011

Global insurance programmes fail to protect local subsidiaries – especially in Africa

09 June 2011

A single professional financial advisor is the future of financial planning

25 May 2011

Deliberate non disclosure of risk is fraud and will see claims rejected

11 August 2010

Alexander Forbes CEO aims to double earnings; continue transformation

15 April 2010

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Company News & Results / Alexforbes (was Alexander Forbes)