Morocco\u2019s insurance sector has entered a new stage with the completion of the merger absorption of Allianz Maroc by Sanlam Maroc. The operation was approved during extraordinary general meetings held in Casablanca, marking the transfer of all assets and liabilities of Allianz Maroc to Sanlam Maroc.<\/p>\n
The merger became effective after all regulatory and corporate conditions were fulfilled. These included approval from the Moroccan Capital Markets Authority, authorization from the Insurance and Social Welfare Supervisory Authority, and formal validation by Allianz Maroc shareholders.<\/p>\n
As part of the transaction, Sanlam Maroc approved a capital increase of MAD 122.5 million, raising its share capital from MAD 411.69 million to MAD 534.19 million. The increase will be implemented through the issuance of 1.225 million new shares with a nominal value of MAD 100 each.<\/p>\n
Under the agreed exchange ratio, Allianz Maroc shareholders will receive five Sanlam Maroc shares for every two Allianz Maroc shares they hold. The newly issued shares are expected to begin trading on the Casablanca Stock Exchange on July 8.<\/p>\n
For accounting and tax purposes, the merger takes retroactive effect from January 1, 2026. This allows the financial performance of both companies to be consolidated within a single entity for the entire fiscal year.<\/p>\n
Shareholders are also scheduled to meet on July 8 to vote on renaming the company SanlamAllianz Maroc, subject to approval from the insurance regulator.<\/p>\n
The transaction forms part of a wider consolidation strategy between the Sanlam and Allianz groups across nearly 18 African countries. In Morocco, the combined insurer will unite the distribution networks, operational resources, and insurance products of both companies.<\/p>\n
Sanlam Maroc stated that existing insurance contracts, guarantees, and service conditions will remain valid until their expiration dates. Customers will continue working with the same intermediaries and support channels, while claims handling procedures will continue without disruption.<\/p>\n
The company added that customer records and benefits will remain fully protected throughout the integration process.<\/p>\n
According to Sanlam Maroc, the merger will be implemented gradually. Planned measures include simplifying service procedures, expanding access through a larger network of partners such as clinics and garages, and introducing new insurance products and digital services over time.<\/p>\n
The company said the merger brings together complementary expertise and resources, strengthening its capacity to serve policyholders, business partners, and employees across Morocco.<\/p>\n","protected":false},"excerpt":{"rendered":"
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