/ 12 May 2008

Imperial considers insurance merger

Africa’s biggest transport and logistics company, Imperial Holdings, said on Monday it was considering a merger of its Regent Life and Regent Insurance companies.

”A merger would enhance the growth prospects and operational synergies of these businesses through shared marketing, cost savings and more effective risk management and compliance,” the company said in a statement.

Imperial said the two businesses, which form the majority of its insurance division, would continue to operate separately in the event of a merger. — Reuters