Hollard and Cigna partner to broaden African footprint
Brooks Mparutsa (pictured), executive director of Hollard’s international business, has said that the insurer has “significant acquisitions” planned on the continent in the coming years, and would be partnereing with New York Stock Exchange-listed Cigna, a global hearlth insurer, to offer health insurance to companies working in Africa. Hollard already has offices in Zambia, Namibia, Mozambique, Botswana and Ghana, as well as South Africa.
- Read a previously published interview with Brooks Mparutsa, when he was CFO of Hollard.
According to Mparutsa, Hollard intends to finalise the acquisition of a health insurance company in Kenya by the end of 2017, wants to secure a life insurance licence in Ghana by August, and also conclude a transaction in Nigeria in the next 18 months. The company is also in talks regarding a possible partnership with Resolution Insurance in East Africa.