Friday, August 8, 2025
  • About
  • Advertise
  • Careers
  • Contact
The Reflector Newspaper
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology
  • Login
No Result
View All Result
The Reflector Newspaper
Home Business

German Allianz Insurance Buys Ensure Insurance Plc

Adams Bamidele by Adams Bamidele
August 30, 2017
in Business
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on TelegramSend to Email

Germany’s Allianz said on Wednesday it is buying control of Nigerian insurer Ensure Insurance Plc in a push for growth in Africa, where many people are uninsured.

Foreign insurers are banking on growing premiums as the continent develops its infrastructure and a consumer class demands protection from risk.

Related posts

FCCPC Slam Traders With 1-Month Ultimatum To Crash Prices

FCCPC Caution Traders Against Price Inflation, Substandard Goods

July 30, 2025
Subscription Hike: FCCPC Sues Multichoice For Regulatory Violations

French Media Giant Acquires MultiChoice In $3bn Deal

July 24, 2025

Allianz said in statement that it would acquire a 98 percent stake in Ensure Insurance from UK-based holding company Greenoaks Global Holdings. It did not disclose the acquisition value.

Ensure Insurance offers life and non-life insurance to businesses and retail clients. It generated 11 million euros ($13 million) in gross premiums written in 2016.

Allianz Group has operations in 17 African countries.

“The acquisition of Ensure Insurance Plc gives us full access to this key insurance market in Africa and marks a major milestone for Allianz’s long-term growth strategy on the continent,” said Coenraad Vrolijk, Allianz’s regional CEO Africa.

Allianz expects the acquisition to close later this year.

Allianz follows British insurer Prudential which last month bought a majority stake in Nigeria’s Zenith Life to gain access to the African country’s fast-growing insurance market.

The Reflector Newspaper's newsletters cover a variety of topics, from daily news to lifestyle content, markets info to medical news. Subscribe to get the latest information.

Unsubscribe
Previous Post

Buhari Presides Over First Cabinet Meeting In 4 Months

Next Post

Buhari Gives Cash Reward To D’Tigress Team

Next Post

Buhari Gives Cash Reward To D’Tigress Team

RECOMMENDED NEWS

Israeli Football Fans Attacked In Amsterdam

Israeli Football Fans Attacked In Amsterdam

9 months ago
Afenifere Faction Backs FG Policies, Disowns Anti-Tinubu Statement

Afenifere Faction Backs FG Policies, Disowns Anti-Tinubu Statement

2 months ago

My Dad Met With Buhari, Says Ojukwu Son

8 years ago
Ondo Guber: Straight Fight Between LP, APC – LP Candidate

Ondo Guber: Straight Fight Between LP, APC – LP Candidate

9 months ago

FOLLOW US

BROWSE BY CATEGORIES

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

BROWSE BY TOPICS

#EndBadGovernance protest 2027 Elections ADC Ademola Adeleke Akpabio Alaafin Of Oyo APC Atiku Bola Tinubu Buhari CBEX Coalition Dangote Refinery Defection Economic and Financial Crimes Commission (EFCC) Economic Hardship EFCC Emergency Rule Federal Government of Nigeria Fubara Fuel Price Fuel Price Hike Gunmen INEC JAMB Natasha National Power Grid Nigerian National Petroleum Company Limited (NNPCL) Nnamdi Kanu NNPC NNPCL Olubadan PDP Peter Obi Petrol Price President Ahmed Bola Tinubu Rivers Administrator Rivers Assembly Rivers Crisis Senate Tinubu UTME VeryDarkMan WAEC Wike

POPULAR NEWS

  • Congo’s President Daughter’s Bedroom Surfaces Online

    Congo’s President Daughter’s Bedroom Surfaces Online

    0 shares
    Share 0 Tweet 0
  • Economy Bleeds As Naira Hits Record Low With N72.58 Depreiciation Against Dollar

    0 shares
    Share 0 Tweet 0
  • Old Naira Notes Remain Valid – CBN

    0 shares
    Share 0 Tweet 0
  • Gospel Actress, Flora Of Abattoir Movie Series Is Dead

    0 shares
    Share 0 Tweet 0
  • JUST IN: FCT Minister Wike Leads Eid-El-Fitr Homage To President Tinubu Amid Death Rumors

    0 shares
    Share 0 Tweet 0
The Reflector Newspaper

Our mission at The Reflector Newspaper is to cultivate a dynamic digital space where truth, integrity, and diversity thrive.

Follow us on social media:

Recent News

  • JUST IN: Sowore Regains Freedom, Says Detention ‘illegal’
  • Jonathan Offered Obi Ministerial Slot To Drop 2027 Ambition – Kachikwu
  • NNPCL Increases Fuel Price Again
  • 2027: Opposition Parties Must Unite – Peter Obi

Category

  • Business
  • Crime
  • Economy
  • Education
  • Entertainment
  • Fashion & Style
  • Featured
  • Foreign News
  • Health
  • Interview
  • Love & Relationships
  • News
  • Opinions
  • Politics
  • Sport
  • Technology
  • Uncategorized

Recent News

National Award: I’ll Reject, Sue If Tinubu Lists Me – Sowore

JUST IN: Sowore Regains Freedom, Says Detention ‘illegal’

August 8, 2025
Jonathan Offered Obi Ministerial Slot To Drop 2027 Ambition – Kachikwu

Jonathan Offered Obi Ministerial Slot To Drop 2027 Ambition – Kachikwu

August 8, 2025
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Login
  • Home
  • News
  • Politics
  • Featured
  • Foreign News
  • Business
  • Opinions
  • Sport
  • Crime
  • Others
    • Education
    • Economy
    • Entertainment
    • Fashion & Style
    • Health
    • Interview
    • Love & Relationships
    • Technology

Copyright © 2024 The Reflector Newspaper. Website designed by Mavens Designs.

Verified by MonsterInsights