Alexander Forbes acquires significant stake in Zimbabwe's African Actuarial Consultants

Johannesburg Stock Exchange listed insurer Alexander Forbes Group Holdings has acquired a significant stake in African Actuarial Consultants (AAC), one of the largest independent actuarial consultancies based in Zimbabwe.

Alexander Forbes said that their acquisition was subject to regulatory approval by authorities in Zimbabwe. AAC managing director Tinashe Mashoko said that under the Alexander Forbes brand they will be offering an enhanced actuarial consulting service to their clients and provide advice in areas such as risk and investment management and product development.

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