Mansard Insurance News

In November of last year, French insurer AXA bought control of Nigeria's fourth-largest insurer, Mansard Insurance.

Africa: A growing insurance market

Low penetration across most African markets spell many opportunities for insurers, but success will depend on their ability to devise strategies to expand their foothold in a continent of 54 immensely diverse economies.

Victoria Island, Lagos, Nigeria (Reuters/Joe Penney)

Why office space in Lagos is more expensive than New York (Infographic)

When you think about the most expensive offices space in the world, cities like New York and London,with their reputations as global financial centers, spring to mind.

Runa Alam, CEO, Development Partners International (DPI)

Africa's opportunities far outweigh its risks: Runa Alam, Co-Founder & CEO, Development Partners International (DPI)

Runa Alam is something of a private equity pioneer. Alam co-founded Development Partners International, which she calls the first pan-African private equity firm, in 2007.

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.

Miller beer by SABMiler

M&A activity heats up in Africa as investors bet on growth

Concerns on the scale of the Ebola crisis, current levels of political unrest and plunging commodity prices would have sent investors rushing out of Africa not long ago.

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.

AXA

AXA enters Nigerian market, buying Mansard Insurance for $246M

French insurer AXA said on Friday it was entering the Nigerian market by buying the holding company of Mansard Insurance for 198 million euros ($246 million) in cash.