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MMI long-term insurance licence amalgamation approved

21 May 2013 | Momentum Metropolitan Holdings

The High Court of South Africa in Pretoria has approved the amalgamation of the two main long-term insurance licences of the MMI Holdings Limited group. MMI Holdings Limited was created in December 2010 through the merger of Metropolitan and Momentum.

ACE Limited Shares Hit 52-Week High

20 May 2013 | Chubb Insurance SA (formerly ACE)

On May 14, 2013, shares of ACE Limited (ACE) hit a 52-week high of $92.69. The momentum was driven by a strong first quarter, which included a 12.4% positive surprise, rating upgrade and successful closure of the acquisition of ABA Seguros.

Sanlam concludes acquisition of Malaysian Pacific & Orient Insurance

17 May 2013 | Sanlam

South African financial services group Sanlam is pleased to announce that all conditions precedent have been met to conclude the acquisition of a 49% stake in the Malaysian niche short-term insurer Pacific & Orient Insurance Co. Berhad (POI).

Liberty Holdings Limited - Operational Update for the Three Months Ended 31 March 2013

17 May 2013 | Liberty

Liberty today released its operational update for the 3 months ended 31 March 2013 on SENS. Liberty¡¦s operating performance reflects continued sales momentum.

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