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Alexander Forbes and MMI Holdings announce Guardrisk transaction

04 November 2013 | Momentum Metropolitan Holdings

• Alexander Forbes sells Guardrisk to MMI Holdings Limited. • Transaction follows expressions of interest received from several potential investors in Guardrisk. • Alexander Forbes Group Chief Executive Edward Kieswetter hails sale as an important step towards further aligning the business with the Alexander Forbes Group’s strategic intent to target the growth sectors of retail (individuals), the public sector and sub-Saharan Africa by leveraging off its existing institutional client base. • MMI Holdings Group Chief Executive Officer Nicolaas Kruger says the Guardrisk transaction is an important milestone which supports MMI’s diversification strategy. It enables MMI to provide a comprehensive suite of specialist insurance solutions.

Infiniti acquires Legal Sense

04 November 2013 | Infiniti Insurance

Legal Sense recently partnered with Infiniti, to form Infiniti Legal Sense, and thereby enhancing Infiniti’s already impressive niched specialist insurance business with a commercial legal protection division.

Aquarius partners with Hollard to meet mutual clients’ insurance needs

04 November 2013 | General

Aquarius Underwriting Managers (Pty) Ltd has announced that it will partner with Hollard from 1 November this year. As well as ensuring that Hollard and Aquarius clients gain access to new product knowledge in dealing with an increasingly complex set of insurance needs, the partnership will also provide “economies of scale” benefits and strengthen both companies’ presence in the personal lines market.

A pan-African Wealth and Investment Management business is born

03 November 2013 | Absa

Absa, a subsidiary of Barclays Africa Group (formerly Absa Group), announces the integration of its wealth, asset management, stockbroking and investment administration platforms into a business of substantive scale called Wealth and Investment Management. The new business will have R225 billion in assets under management and is positioned to help the Group’s retail and institutional clients prosper.

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