Alexforbes set to buy insurance administration services company

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Subject to approval, the cash deal will see Alexforbes buy a 60% stake in TSA Administration

Financial services group Alexforbes has acquired a majority stake in local group risk insurance administration services company TSA Administration for an undisclosed amount.

TSA has over 25 years of experience in SA with more than 120,000 insured members and over 2,000 institutional clients. “The transaction represents a natural and seamless alignment between the two companies, as we share an independence from product providers, a dedication to enhancing customer experience and the appetite to partner with intermediaries,” Alexforbes said in a statement on Friday about the deal, which is expected to become effective before the end of June.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités