South Africa's Liberty buys control of Ugandan insurer East African Underwriters Limited (EAUL)

Thabo Dloti, CEO, Liberty Holdings

South Africa‘s Liberty Holdings has bought a controlling stake in a short-term insurer in Uganda for an undisclosed sum, pursuing its strategy of expanding on the African continent.

The deal gives Liberty a 51-percent stake in Madhvani Group’s short-term insurer, East African Underwriters Ltd (EAUL). EAUL provides insurance services to industries, manufacturers and professionals, ranging from corporate liability to personal lines such as motor or home cover.

Read more: South Africa’s Liberty buys control of Ugandan short-term insurer | East & Horn Africa