Our Core Investors
The Sanlam Group
The Board of FBNHoldings Plc (FBNH) and Sanlam Emerging Markets (Proprietary) Limited (Sanlam) completed the sale of FBNH’s 65% shares in FBNInsurance Limited on the 1st of June 2020. Prior to now, FBNInsurance was co-owned by FBNHoldings (65%) and Sanlam Group (35%). Following the divestment of FBNHoldings 65% shareholding, Sanlam now fully owns FBNInsurance and its subsidiary, FBN General Insurance Limited.
Sanlam Group is a leading diversified pan-African financial services group listed on the Johannesburg and Namibian Stock Exchanges. Established in 1918 as a life insurance company, Sanlam has evolved into the largest non-banking financial services group in Africa through its diversification strategy.
With a 102-year old story of growth, development, empowerment and stability, the Sanlam Group has a business presence across 33 countries in Africa, as well as in the USA, Malaysia, Australia, the UK and India.
FBNInsurance is a Limited Liability Company licensed to transact Life Insurance businesses The company is a member of the Sanlam Group, a leading diversified, pan-African financial services group. FBNInsurance officially commenced operations on the 1st of September, 2010.
In 2014, FBNInsurance acquired a General insurance business – Oasis Insurance, now known as FBN General Insurance (a subsidiary of FBNInsurance) – and overturned the loss position of the newly acquired company within one year.