ALEXANDER Forbes Group has sold its health insurance business to comply with new industry regulations shifting focus to its financial advisory and brokerage services for employee benefits and private pension schemes. Alexander Forbes said it has sold the healthcare business to a consortium associated with one of its former senior executives Geoffrey Nzau and that the new medical business will be renamed Afrocentric Health Solutions. The consortium includes Afrocentric Investment Corporation which owns Medscheme, a major medical schemes administrator in South Africa covering 3.2m lives...
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