Business Chief ME+AFRICA Magazine November 2023 | Page 49

PAUL HANRATTY

Sanlam Market value : US $ 6.65bn Net results 2022 : US $ 530mn
With 40 years in insurance , Paul Hanratty has led Africa ’ s largest insurer and non-banking financial services group since July 2020 – delivering record financial results in 2022 and in H1 2023 driving a net results increase in financial services of 30 %, along with a 19 % jump in business volumes and a surge in share price .
Hanratty has delivered on the group strategy amid challenging operating conditions , recently acquiring 60 % of leading health insurance provider AfroCentric , overseeing the buyout of innovative insurer BrightRock and partnering with Capital Legacy to extend the group ’ s range of client solutions – not to mention , scooping an award for long-term insurer of the year .
A qualified actuary , Hanratty previously held key leadership positions at Old Mutual , and has served as an independent non-executive director of MTN since 2016 . businesschief . ae 49