Nairobi Securities Exchange (NSE) listed financial services firm Pan Africa Insurance Holdings Limited has rebranded to Sanlam Kenya Plc.
Sanlam is a financial services group listed on the Johannesburg Stock Exchange Limited (JSE) in South Africa and the Namibian Stock Exchange. The group’s market capitalisation is about US$9bn as at June 2016.
The Sanlam Group operates in 33 countries across Africa and first acquired a stake in Pan Africa in 2006, following Sanlam’s acquisition of African Life Assurance Group. The Group has also set foot in other emerging markets namely – East; Southern Africa; West Africa; South East Asia (Malaysia); and Asia (India) and other European markets.
Addressing the media at a briefing in Nairobi on Wednesday, Sanlam Group CEO, Mr Ian Kirk, who is in the country for the official launch of the Sanlam brand, said: “For over 10 years our Group strategy has focused on diversifying our business, investing in smaller, bolt-on deals and partnerships with established businesses in emerging markets, among other priorities. We have enjoyed a mutually beneficial partnership with PAIHL and believe we are ready to take it to the next level with the rebranding and renaming of the company and its subsidiaries.”
Sanlam Kenya CEO Mugo Kibati said that the rebrand to Sanlam Kenya was a natural progression for PAIHL.
“It has been our quest to transform this organisation to guarantee excellent client service and products. Going forward, we will continue focusing on accelerated organic business growth, while seeking to secure a market leadership position through quality differentiated service provision.
