# Morocco's Wafa Buys Life Insurer

> Moroccan insurer Wafa Assurance acquires La Marocaine Vie from Saham group.
- Title: Morocco's Wafa Buys Life Insurer · The Rio Times | Shortify
- Summary: 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…
- Keywords: morocco, wafa assurance, la marocaine vie, saham, life insurance, moroccan bank, insurance deal, premiums, The Rio Times
- Source: The Rio Times — https://riotimesonline.com/morocco-wafa-assurance-buys-la-marocaine-vie-2026
- Author: Contributing Reporter
- Published: 2026-11-14T10:17:01+00:00
- Read time: 1 min
- Topics: morocco, wafa assurance, la marocaine vie, saham, life insurance, moroccan bank, insurance deal, premiums, news, world, politics
## 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.
## Key takeaway

Wafa Assurance bought 99.98% of Moroccan life insurer La Marocaine Vie from Saham group, keeping policies unchanged for customers.