Allianz Buys Nigerian Insurer for $35m

Posted by - August 31, 2017

Germany’s Allianz plans to pay $35 million for 98 per cent stake in Nigerian insurer, Ensure Insurance, 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. A Reuters report disclosed that