Merger within the sector

Consolidation within the insurance business goes on. Following the takeover of Prudence by Mauritius Union, it is now Cim Insurance and the group Swan which merged. Cim Insurance will integrate Swan while Cim Life will be associated to Anglo Mauritius. Intendance Holding is the main shareholder of Swan and Anglo Mauritius. The market consolidation process has been activated for ten years, that is, following the promulgation of the law requiring separation of life and non-life activities.