SHAREHOLDING
Overview
NICO General Insurance Limited is 51% owned by NICO Holdings Plc and 49% by Sanlam Emerging Markets (Proprietary) Limited (SEM). NICO Holdings Limited has an investment portfolio spanning hotels, real estate, a hospital, and a shopping mall.
Other companies in which NICO holdings limited has significant shareholdings are:
Sanlam Emerging Markets (proprietary) Ltd (SEM) is wholly owned subsidiary group of Sanlam and is the business cluster responsible for the group’s financial services life and general insurance as well as asset management outside South Africa.
Sanlam is a leading diversified financial services group and was established in 1918. Sanlam Limited provides financial solutions to institutional and individual clients and is listed on the Johannesburg stock exchange. The group has a business presence in 10 countries on the African continent (excluding South Africa), India as well as Malaysia
The partnership of the two shareholders offers immense synergies for the benefit of NICO General Insurance business clientele across all aspects of both the individual and corporate clients’ value chain.