In 2002 Commlife Holdings Proprietary Limited (“Commlife”), an investment holding company, acquired APO and changed its name to Lion of Africa Life Assurance Company Limited (“Lion Life”).
Lion Life is a South African life assurance company which was licenced by the Financial Services Board in terms of the Long-Term Insurance Act (No 52 of 1998) in 2005. Lion Life’s assurance activities are concentrated primarily on life assurance, funeral group schemes and funeral cover for individuals and families.
The chairman of Lion Life, Fred Robertson, is an entreprenuer and businessman. He is also the chairman of Commlife Holdings as well as the Executive Deputy Chairman and co-founder of Brimstone Investment Corporation; a listed company.