From The Rio Times · Contributing Reporter · · 1m
Morocco's Wafa Buys Life Insurer
Moroccan insurer Wafa Assurance acquires La Marocaine Vie from Saham group.
In brief
Moroccan insurer Wafa Assurance acquires La Marocaine Vie from Saham group. Wafa Assurance bought 99.98% of Moroccan life insurer La Marocaine Vie from Saham group, keeping policies unchanged for customers. Originally reported by The Rio Times.
Deal Announcement
Moroccan insurer Wafa Assurance agreed to buy 99.98% of life insurer La Marocaine Vie from Saham group.
Deal Details
No price disclosed; closing awaits competition and insurance regulator approval.
Customer Impact
Policies and conditions stay unchanged for Saham Bank customers and La Marocaine Vie policyholders.
Financial Context
La Marocaine Vie wrote 2.5 billion dirhams (about US$250 million) of premiums in 2025.
Wafa's Background
Wafa Assurance operates in seven African countries and wrote 15.2 billion dirhams (about US$1.5 billion) of group-wide premiums in 2025.
What Happens Next
The deal requires approval from Morocco’s competition council and insurance regulator ACAPS.
Why It Matters
The deal affects Moroccan policyholders, Saham Bank customers and investors in Casablanca market without US-listed companies involved.
The one thing
Wafa Assurance bought 99.98% of Moroccan life insurer La Marocaine Vie from Saham group, keeping policies unchanged for customers.
