Most insurers see banks as just one more sales outlet, but one South African underwriter wants to make banks its sole avenue to the U.S. market.

Sage Life Assurance of America Inc., a new unit of Sage Group, Johannesburg, plans to sell insurance products designed for the bank channel. The new unit is to be based in Stamford, Conn.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.