French insurer AXA Group has completed the acquisition of Assur Africa Holding, a company that holds a 77 percent stake in Nigeria’s fourth largest insurer, Mansard Insurance. The acquisition automatically grants AXA access into Africa’s largest economy and one of the continent’s biggest insurance markets. Nigeria’s insurance market is the third largest in Africa with Gross Written Premium (GWP) of N313 billion ($1.76 billion) as at 2013. It is made up...


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