Alexander Forbes plans to offload insurance units

Alexander Forbes plans to sell its insurance businesses, the financial services group said on Tuesday while announcing a shift in strategy towards an “advice-led and capital-light model”.

“The disposal of these premium businesses will be based on a value proposition that balances appropriate solutions for our clients, protects and values the employees who have contributed to the success of these businesses, and realises fair value to our shareholders. Alexander Forbes’s insurance businesses generated R1.3bn in revenue in the six months ended September 2018, versus total revenue of R3.4bn.

Who’s the potential buyer? ARC Alexander Forbes’s insurance businesses generated R1.3bn in revenue in the six months ended September 2018, versus total revenue of R3.4bn. alexanderforbes

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