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Pan Africa targets Gateway Insurance takeover
Gateway Insurance chairman Isaac Wanjohi. Pan Africa Insurance is seeking a return to the general insurance business through acquisition of a majority stake in Gateway. FILE PHOTO | DIANA NGILA |
Pan Africa Insurance Holdings is seeking a return to the general insurance business through acquisition of a majority stake in privately owned underwriter Gateway Insurance.
The listed life insurer, majority owned by South African Sanlam, exited the non-life business three years ago when it sold 40 per cent share in APA Insurance. APA was formed in 2003 by merging short-term business arms of Apollo and Pan Africa.
