The Insurance Regulatory Authority of Uganda (IRA-U) has authorized the purchase of Lion Assurance Company (LAC) by Sanlam General Insurance Uganda (SGIU), a Ugandan subsidiary of the South African insurer Sanlam.
The 6.5 million-USD transaction has been pending approval since September 2017. The Ugandan insurer LAC will now be renamed SGIU.
More news on
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fsanlam-finalizes-the-acquisition-of-lion-assurance-company&text=Sanlam+finalizes+the+acquisition+of+Lion+Assurance+Company
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fsanlam-finalizes-the-acquisition-of-lion-assurance-company&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/reinsurers-back-to-the-wall
[4] http://www.atlas-mag.net/en/category/regions-geographiques/afrique