Two South African insurers acquire Ugandan counterparts

Posted On: Jan. 4, 2018 4:45 AM CST

South Africa-based insurer Sanlam Ltd. has acquired Uganda-based counterpart Lion Assurance Co. Ltd., NTV.co.ug reported. Additionally, South Africa-based insurer Liberty Holdings Ltd. has acquired a significant stake in Uganda-based East African Underwriters Ltd. Additionally, Ugandan insurers are also looking to tap into opportunities in the country's nascent oil and gas industry.