Old Mutual Insure Acquires 51% Stake in ONE Financial Services

Old Mutual Insure (OM Insure) has acquired a 51% stake in ONE Financial Services, a South African short-term insurance service provider, for R500 million (~$3.3 million). “This transaction supports our strategic ambitions of growing our business, strengthening our distribution capabilities and non-insurance revenue streams,” said Garth Napier, MD of OM Insure. While ONE Financial Services … Continue reading Old Mutual Insure Acquires 51% Stake in ONE Financial Services