Insurance Post

Zurich sells South Africa operations to Fairfax Financial

The beach in Durban in South Africa

Swiss-headquartered insurance giant Zurich has sold its South Africa operations to Toronto-headquartered Fairfax Financial Holdings for an undisclosed sum.

Zurich South Africa, founded in 1965, has its headquarters in Johannesburg and a subsidiary in Botswana; it employs around 800 people and controls around £200m of gross written premium for both

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