Momentum Metropolitan has finally obtained the approval of the South African authorities for the acquisition of Alexander Forbes' non-life activities. The transaction amounted to 130.1 million USD.
This merger between the two non-life companies was announced for the first time in July 2019.
Read also | Momentum Metropolitan strengthens its position in the non-life insurance [4]
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[3] https://www.atlas-mag.net/en/issue/coronavirus-crash-test-for-chinese-insurance
[4] https://www.atlas-mag.net/en/article/momentum-metropolitan-strengthens-its-position-in-the-non-life-insurance