TOKIO MARINE GROUP ACQUIRES 22.5% STAKE IN HOLLARD

Japanese Insurance giant Tokio Marine has sunk 5billion Rand into a deal with Hollard Insurance Group that will make the South African-headquartered life and Short-term Insurer more competitive on the Continent and Internationally. The deal will see the Japanese Insurer which includes Japan’s oldest Insurance Company (Tokyo Marine) Contribute its vast experience in predictive analytics, robotics, risk management, Underwriting and Insurtech Innovations to Hollard. Hollard believes that the partnership will make the Group more competitive and allow it to build an even stronger presence in Africa.

This latest deal will encompass Hollard’s African operations, but not its Independent Australian and New Zealand businesses.

Source: RiskAfrica

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