Old Mutual CEO 'excited' about other African markets and China as he searches for deals | Fin24

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Old Mutual's CEO says the insurer had several 'exploratory conversations' for possible acquisitions on the continent in 2021.

CEO Iain Williamson is"excited" again about the insurer's operations outside of South Africa.

The group’s Rest of Africa operations grew annual premium equivalent by 12%, and its profit from operations was up 33% - when excluding the impact of Covid-19. But it's not just those operations that has Williamson convinced that Old Mutual can do much more outside of its home market.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.

Source: Financial Digest (financialdigest.net)

 

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