FBNInsurance: Sanlam reassures clients of seamless new ownership transition

Sanlam Group, new owners of FBNInsurance and its subsidiary, FBN General Insurance, has provided the group’s new operational overview to the firm’s brokers and clients while reassuring them of a seamless transition.

The Chief Executive Officer, Sanlam Emerging Markets (SEM), Mr Heinie Werth, made this known at a virtual forum organised by the company to welcome its brokers to the Sanlam family on Thursday in Lagos.

The forum was attended by over 30 top brokers of the FBNInsurance and FBN General Insurance as well as executive members of both businesses and Sanlam group.

Werth pledged that the insurance firm would continue to provide excellent services to its teeming clients.

He noted that the core strategy of the Sanlam Group was to be one of the leading pan-African financial service providers.

“With a business presence in 33 countries in Africa, we want to be the preferred service provider across the continent when it comes to providing financial solutions,” he said.

Following the transfer of ownership, Werth explained that the role of the group was to leverage on Sanlam’s 103 year old pedigree.

He said the new owner would also provide the management of both companies with the requisite support and technical skills to bring new products and services to the Nigerian insurance market.

The company’s CEO sought the support and commitment of the brokers in building and growing the group’s operations in Nigeria.

“We are optimistic that the FBNInsurance and FBN General Insurance teams will continue to provide the same excellent services to you and your clients that you have become accustomed to over the years. There is no doubt about this,” he said.

In his address, the Managing Director of FBNInsurance, Mr Val Ojumah, appreciated the brokers and other stakeholders of the firm for their invaluable support to the Nigerian life and general insurance businesses.

Ojumah solicited the continued support of the brokers for FBNInsurance and FBN General Insurance.

Also, Mr Bode Opadokun, Chief Executive Officer, FBN General Insurance, assured the brokers that the firm would remain committed to partnering with them.

Opadokun noted that the insurance company would continue to offer innovative product solutions to its customers and would be open to more suggestions that would help to improve its service delivery.

With over a hundred years in wealth creation, Sanlam, a leading diversified pan-African financial services group, has businesses that cut across 42 countries globally.

Listed on the Johannesburg and Namibian Stock Exchanges, the market capitalisation of Sanlam is over $7billion with 104,000 employees across the world.