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Saham group standardizes the name of its subsidiaries

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Magazine Issue: 
FANAF, a mature organization [3]
Magazine date: 
Mar 2014

Saham Group has officially announced the reorganization of its insurance and assistance brands.

  • SAHAM Insurance becomes the new name for all of the Group's insurance subsidiaries in Africa (CNIA Saada, Colina and Mercantile Group Insurance).
  • SAHAM Assistance becomes the new name of Isaaf Assistance.

The group unifies all its insurance and assistance brands under a common root: SAHAM.

As a reminder, Mercantile Insurance (Kenya) was acquired in 2013, launch year of the reinsurance company Saham Re. Saham has collected in 2013 a total gross premiums up by 10.3% to 431 million USD and achieved a net profit of 34.3 million USD (+9%).

Note: growth rates calculated in local currency
Mon, 31/03/2014 - 18:28

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