Financial services firm Sanlam Kenya has officially rebranded to Sanlam Allianz Holdings after the recent formation of a joint venture between Sanlam and Allianz.
SanlamAllianz will now trade as Africa’s largest non-banking financial services entity, with more than 200 years’ combined experience on the continent and beyond.
Speaking during the rebrand, SanlamAllianz Kenya Group CEO Dr Nyamemba Patrick Tumbo said, “The rebrand heralds a new dawn for us as SanlamAllianz, enhancing our corporate commitment to advance our market effectiveness in the provision of quality, client-focused life and general insurance products.”
The firm will tap into the wider SanlamAllianz resources and technical know-how to deliver exceptional services and solutions. SanlamAllianz operates in 26 countries and holds a combined total group equity value of over 33 billion South African rand (approximately 2 billion euros).
The firm’s subsidiaries, Sanlam Allianz Life Insurance and Sanlam Allianz General Insurance, will continue to be headed by Ms Jacqueline Karasha and Mr George Kuria respectively.
As part of the rebrand, Dr Tumbo reiterated that the firm will enhance its client experience and distribution capacities through the deployment of innovative technology-based solutions. The name change reflects a continental commitment to raise the bar on the delivery of non-banking financial services with localised attention.
On his part, SanlamAllianz Chief Executive Officer Mr Heinie Werth said, “Our ambition as SanlamAllianz is to be among the top-three players in all our markets, and we will provide our full support to SanlamAllianz Kenya as it strives towards this ambition.” To achieve this, he said that the local team will follow a shared value approach with its staff, clients, business partners and shareholders, as well as the markets, communities and countries in which it operates.
SanlamAllianz aims at being a leader in life and general insurance on the African continent, embrace environmental, social and governance (ESG) principles as a good corporate citizenship and deliver on its key financial metrics and empower its people through a high-performance, engaging culture.
Being part of an international, market-leading company will enable SanlamAllianz Kenya to collaborate, share knowledge and innovate on a large scale to develop best-in-class solutions that empowers future generations to be financially confident, secure and prosperous.
