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About Santam re

Santam re was formed in 2010 as a division of Santam, and seeks to position itself as an established reinsurer built on long-term partnerships. Santam re is a division of Santam.

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About Santam

Santam is the leading general insurer in South Africa with a market share of more than 22%. We serve more than 1 million policyholders who range from individuals to commercial and specialist business owners and institutions. The Santam group consists of the Santam branded business units and wholly-owned subsidiaries. The group also participates in investments and partnerships in emerging markets in Africa, India and Southeast Asia through collaboration with Sanlam Emerging Markets (SEM).

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Financial Highlights

The Santam group reported underwriting results for the 2016 financial year well within the target range of 4% to 8% with a net underwriting margin of 6.4% compared to the exceptional 9.6% in 2015. Acceptable gross written premium growth of 7% was achieved (6% excluding the impact of cell captive insurance business) in the current low-growth economic environment.

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Our Business

It is Santam re’s strategic intent to write profitable inwards reinsurance business by being of value to our clients and stakeholders, through delivering service beyond expectation.

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Ratings

Santam holds a BBB- rating from Standard & Poor’s (S&P) due to the sovereign downgrade of South Africa. S&P have upgraded Santam’s stand-alone credit profile to zaAA-.

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Contact

CAPE TOWN
Tijgerpark 5
1st Floor
Willie Van Schoor Drive
Bellville
7530

JOHANNESBURG
Building 2 Alice Lane
11 Alice Lane
Sandton
2196

Should you have any queries, please contact the relevant person listed in the contact section.