Sanlam to acquire the life activities of Alexander Forbes Life

Through its subsidiary Sanlam Life Insurance Limited, Sanlam has acquired the risk and life insurance activities of Alexander Forbes Life. The transaction is valued at 100 million ZAR (7.25 million USD).

This deal allows Sanlam to strengthen its position on the South African life insurance market . For its part, Alexander Forbes is withdrawing from the life activity to focus on consulting and investment.

This combination between the two companies was first announced in April 2019.