Alexander Forbes to offload Insurance Business

Alexander Forbes is warming up to offload its Insurance business which generates about 40% of the group’s revenue. The planned sale signals that the group is scaling back on retail operations that serve Individual Custom Men to focus predominantly on Institutions such as Pension Funds. This is a deviation from the strategy approved by the board three years ago during former CEO Andrew Darfoor’s tenure which sought to grow the retail business serving Individuals.

many believe this shift in strategy further distances the Company from the CEO it sacked six months ago

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