The German group Allianz has announced that it has entered into a partnership with the pan-African giant Sanlam. In a press release dated May 4, the group informs that this collaboration will make it possible to form a joint venture that will bring together their assets on the continent, outside South Africa.

The joint subsidiary of Sanlam and Allianz is expected to take the lead over the competition, in Côte d'Ivoire, Cameroon and Senegal. This joint venture will be the largest pan-African insurance player. It will house sanlam and Allianz's business units in African countries where both companies, or at least one of them, have a presence. The chairmanship of its Board of Directors will alternate every two years between representatives of the two partners. The appointment of a Director General is expected to be announced shortly.