Johannesburg - The merger of two complementary mid-tier South African firms into Argen Actuarial Solutions has created a new large actuarial firm with an established network in Africa and that has an eye for further African growth.
The independent South African actuarial firms Arthur Els & Associates (AE&A) and Genesis Actuarial Solutions merged to form Argen Actuarial Solutions – two mid-tier specialist companies coming together to create one of the largest independent actuarial firms in Africa.
Through Argen, both companies will be able to offer a broader pool of actuaries and a wider range of services.
“The nice thing about the merger is that the two companies do different things in different actuarial fields, so there are no retrenchments, or closing of offices – it really is a merger that will generate synergy,” said Francois Rosslee, director of the new venture.