Zurich Insurance says may sell South Africa business | Reuters

ZURICH Feb 19 Zurich Insurance may

sell its South African business as part of a strategic review,

the Swiss group said on Friday.

"In recent years, Zurich has successfully Insurance in South Africa turned around our

South African insurance business, which includes our operations

in Botswana. The group is now evaluating whether it is best

placed to own this business, taking into account the interests

of our key stakeholders," it said in a statement.

Zurich said it was too early to comment on what this meant

for the business. It noted that it had said at an investor

presentation in May 2015 that reshaping its geographic footprint

was a top priority as it seeks to build more sustainable

businesses and improve profitability.

(Reporting by Rupert Pretterklieber, Writing by Michael

Shields; Editing by Alexander Smith)

http://www.reuters.com/article/zurich-ins-group-ma-safrica-idUSL8N15Y2JM