Allianz Takes an 8% Stake in Africa Re for $81 Million: HB

Allianz will invest $81m for 8% stake of Africa’s largest reinsurer Africa Re, Allianz management board member Niran Peiris says in interview with Germany’s Handelsblatt.

* Investment will make Allianz biggest stakeholder of Africa Re: Peiris

* “For us, Africa is one of the future growth markets:” Peiris Source: Bloomberg