Jubilee Completes Sale of Non-Life Subsidiaries to SanlamAllianz: Unlocking Potential with African Insurance Broker Network
The insurance industry in Africa is changing at an unprecedented rate, with mergers, acquisitions, and strategic partnerships changing the landscape. The most recent one is by Jubilee Holdings Limited (JHL), the largest financial group in East Africa, which finalized the sale of its interest in its non-life subsidiaries in five countries in Africa. It bought SanlamAllianz, the giant insurer created when giant insurers Sanlam and Allianz merged in 2023.
This milestone occurs at the culmination of a long-term relationship—it also occurs at the growing role of robust networks, like the African insurance broker network, to offer convenient access for global players into the growing insurance markets in Africa.
Strategic Jubilee and SanlamAllianz Deal Completion with African Insurance Broker Network
JHL and Allianz also signed an agreement in September 2020 to allow Allianz to buy majority stakes, 51% to 66%, in JHL’s non-life businesses in Kenya, Tanzania, Uganda, Burundi, and Mauritius. They bought the stakes in installments between May 2021 and September 2022.
Allianz, now renamed SanlamAllianz, by September 2025 acquired the remaining shares of 34% in Kenya, Uganda, and Mauritius; 19% in Burundi; and 15% in Tanzania. This final acquisition made SanlamAllianz the absolute owner of these subsidiaries, further asserting its stronghold in the insurance sector of East Africa.
Assertion number one holds for Jubilee. The transaction fits its general strategy of concentration on life insurance, health insurance, and asset management, those businesses better positioned for long-term growth.
The African Insurance Broker Network Contribution to Market Development
As SanlamAllianz broadens its geographic footprint, foreign competitors are increasingly eyeing the African insurance market, which is still underpenetrated compared to other regions. Opportunities, vast as they are, are also matched by challenges: navigating local regulatory frameworks, understanding consumer patterns, and finding credible partners in broken markets.
This is where the African broker network fits in. Broker networks provide the middle ground between local action and global aspiration such that cross-border business is safer, more rewarding, and easier.
Tataachi Network: A Leading African Insurance Broker Network
Of such networks, Tataachi Network is one of the most highly regarded insurance and reinsurance broker networks in Africa. It has 84 correspondent partners covering 42 countries. Tataachi provides unmatched access to the local markets, solutions tuned to local conditions, and compliance support that helps companies avoid risks and seize opportunities.
Tataachi Network offers:
Insurance and reinsurance solutions tailored to fit market realities.
Competitive premium rates designed to meet specific business needs.
Compliance assurance, for ease of ensuring local regulatory requirements for international companies.
Trusted local operators as a gate to the market, with minimal exposure to operational risk.
To reinsurers, insurers, and international firms seeking to invest or expand in Africa, Tataachi Network does more than brokerage; it does peace of mind and assurance in the market.
African Insurance Broker Network as Gateway for International Business
The success of the Jubilee–Sanlam-Allianz deal is a confirmation that the insurance sector in Africa is hardening its attraction to overseas investors. However, to thrive, multinational firms need more than finances, local knowledge, entrenched channels, and regulatory sophistication.
With the network of African insurance brokers, and specifically through Tataachi Network, international companies can enter Africa’s vibrant markets at low risk. For a market entry into East Africa, expansion throughout West Africa, or access to Central Africa’s developing economies, Tataachi Network is the solution for swift and economical expansion.
Conclusion: Unlocking Growth with African Insurance Broker Network and Tataachi
SanlamAllianz’s acquisition of Jubilee is a reflection of the fast-paced dynamics of the African insurance market. With stronger competitors in the market, competition will be tougher, and fresh windows of opportunity for innovation and partnerships are opening.
For investors, insurers, and reinsurers worldwide, the best solution is to use the African network of insurance brokers to find their way through this transition. Tataachi Network is most appropriate to provide the relationships, regulatory controls, and competitive cost that will make success possible.
It’s time to act. Join with Tataachi Network, access opportunities in the $7.8 trillion African insurance industry, and connect with your reliable partners in 42 countries. With Tataachi leading the way, your African insurance market expansion is not only possible—it’s a guarantee.