Prudential plc completes acquisition of Prudential Zenith Life Insurance Limited to strengthen bancassurance in Africa
Prudential plc completes acquisition of Prudential Zenith Life Insurance Limited to strengthen bancassurance in Africa
09/28/24, 5:33 AM
Location
london
nigeriaIndustry
financial services
insurance
financial services
Prudential plc has finalized an agreement to acquire the remaining shares of Prudential Zenith Life Insurance Limited (PZL), its joint venture business in Nigeria. This strategic move is consistent with Prudential's focus on deploying capital in its existing operations with the greatest potential, particularly in the African market. The acquisition aims to enhance Prudential’s multi-channel growth platform and distribution capabilities in the region by leveraging existing bancassurance partnerships with Zenith Bank in Nigeria and Ghana.
Company Info
Location
London, England, United Kingdom
Company info
In Asia and Africa, Prudential has been providing familiar, trusted financial security to people for 100 years. Today, headquartered in Hong Kong and London, we are ranked top three in 12 Asian markets with 18 million customers, 120,000 active agents and access to over 27,000 bank branches in the region.
Prudential is focused on opportunities in the most exciting growth markets in Asia and Africa. With access to over 4 billion people in both these regions, we are investing in broadening our presence and building our leadership in the life and asset management markets.
We are committed to making a positive impact on our customers, our employees and our communities by delivering the best savings, health and protection solutions to people so they can get the most out of life. Visit our websites for more information