Hollard in talks to acquire Regent Insurance

According to information obtained this week, Imperial Holdings is looking to sell its shareholding in Regent Insurance Company and Regent Life Assurance Company to the Hollard Insurance Group.

Imperial said it had entered into exclusive negotiations with the Hollard Insurance Group for the sale of these businesses. According to the 2014 Non-Banking Financial Institution Regulatory Authority (NBFIRA) Annual Report, Regent and Hollard are both involved in life as well as general insurance businesses. The deal will affect the two businesses in three countries namely South Africa, Botswana and Lesotho.