Liberty Holdings News

Thabo Dloti, CEO, Liberty Holdings

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

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.

Casper Troskie, CFO, Liberty Holdings

South Africa's Liberty to spend up to $80M on two Nigeria deals

Liberty Holdings plans to invest up to $80 million on two deals in Nigeria by year-end, as part of a five-year strategy by South Africa’s No.4 insurer to expand further into sub-Saharan Africa, its chief financial officer said.

Julian Roberts, Chief Executive Officer of Old Mutual Plc. Photographer: Peter Foley/Bloomberg

Julian Roberts, CEO of Africa's largest insurer Old Mutual, stepping down

Old Mutual Plc’s Julian Roberts is stepping down as chief executive officer of Africa’s biggest insurer and will be replaced by Standard Bank Group Ltd.’s Bruce Hemphill.

Liberty Group, South Africa

South Africa's Liberty sets aside more than $87M for African purchases

Liberty Holdings Ltd., the insurer controlled by Standard Bank Group Ltd., said it has more than 1 billion rand ($87 million) to make acquisitions in Africa and plans to raise more funds if needed.

Old Mutual Offices in Sandton, Johannesburg, South Africa

2014 has witnessed a spate of major insurance deals in sub-Saharan Africa

Following are some purchases or expansion plans by South African and European insurers in sub-Saharan Africa announced in the past three months.

Swiss Re Tower, London, UK: Swiss Re is one of many global insurance companies buying insurers in Africa.

As incomes in Africa rise, African insurers are in vogue and global insurers are buying in

A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and strong competition at home.

South African Properties

South Africa's middle class is a force to be reckoned with

As the ranks of black middle and upper classes have swelled in the 20 years since South Africa’s first democratic election, so too have the aspirations of a wealthy new elite.