Santam expands globally with Lloyd’s market entry
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South Africa’s largest short-term insurer is stepping onto the global stage after receiving approval to underwrite business in the UK through its new Santam Syndicate 1918 at Lloyd’s of London.
Santam has committed around R2.2 billion in capital as part of its FutureFit 2030 strategy, aimed at increasing international diversification beyond South Africa. CEO Gugu Mtethwa discusses the opportunity in the Lloyd’s market, how the company plans to manage global risk exposure, and what the expansion could mean for South African policyholders.
Santam has committed around R2.2 billion in capital as part of its FutureFit 2030 strategy, aimed at increasing international diversification beyond South Africa. CEO Gugu Mtethwa discusses the opportunity in the Lloyd’s market, how the company plans to manage global risk exposure, and what the expansion could mean for South African policyholders.
