The South African insurer, Old Mutual, announced Monday, September 5, having acquired all the shares (100%) of Genric Insurance Company, a South African non-life insurance company specializing in innovative insurance products. The transaction will be subject to the approval of the competent regulatory authorities. This initiative is part of Old Mutual’s new strategy, which essentially aims to diversify its offers but also to expand its client portfolio. “This agreement brings us closer to our customer orientation objective, as we will be able to access a wider range of value-added products and innovative offers. It will also give us access to new
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