Hollard Moçambique Companhia de Seguros (acquirer) will acquire the entire share capital (100% of shares) of Global Alliance Seguros (acquired), according to a statement issued by the Portuguese Competition Regulatory Authority (ARC). The two entities operate in the insurance sector, with the acquirer in general insurance and the acquired company in life and non-life insurance. THE ARC,...
Hollard-Agri, an innovative micro-insurance initiative by Hollard Mozambique, has created a significant impact on the lives of 16,000 small farmers affected by drought in the provinces of Manica, Sofala and Tete, respectively. Launched around a year ago, this micro-insurance is providing essential cover to small farmers on the basis of...
Hollard Seguros Moçambique, a subsidiary of Hollard International, has just closed the purchase of the business of the insurer International Commercial and Engineering (ICE) and becomes the country's largest Non-Life insurer in terms of premium income, with an annual turnover of over US$98 million, (6.2 billion...
Hollard Seguros, a subsidiary of insurance group Hollard, will acquire the customer portfolio of ICE Seguros, S.A. According to the statement, the move is still subject to approval from the Regulatory Authority and the Insurance Supervision Institute of Mozambique. In practice, ICE Seguros will transfer its business to Hollard Seguros....