Top Africa Insurer Sanlam Flags ‘Massive’ Risks From Iran War

Sanlam Ltd. sounded the alarm about the impact of a protracted war in the Middle East, with Africa’s biggest insurer saying the conflict could have a “massive” impact on its performance.The escalating tensions will hurt earnings of the firm with operations in 27 nations “very directly” as investor flight hits global equity markets and as rising fuel prices trigger inflationary pressure, which will result in higher borrowing costs, Sanlam Chief Executive Officer Paul Hanratty said. “You impact consumers ever ...