Zurich Insurance Group AG has initiated the process to sell its general insurance subsidiary in South Africa and Morocco as part of its strategic review to reshape its general insurance business, Bloomberg reported on February 19, citing people familiar with the matter. “Zurich Insurance is working with financial advisers on the sale of the units,” said the people, indicating that no decision has been taken so far.

A spokesperson of Zurich cited by Bloomberg, said the evaluation was to assess if the company was “best placed” to own the business in South Africa.

She however declined to comment on a potential sale of the company’s Moroccan business.

Zurich launched the strategic review of general insurance business after receiving a wave of demands of compensations. The Swiss group recently renounced to an EPO with British insurer RSA Insurance Group. Last November, it also announced it was pulling from general insurance in Middle East, as it was reevaluating its portfolio. It will keep its life-insurance business running in the region.