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About Santam re

Santam Re was formed in 2010 as a division of Santam Ltd and seeks to establish itself as a technically competent and responsible reinsurer. We look to grow and develop our footprint through careful risk analysis and sound pricing. Our main geographical areas remain South East Asia, the sub-continent, the Middle East and Eastern Europe.

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About Santam

At Santam we believe in the simple principle that insurance should add value, not questions or uncertainty. Santam is the leading general insurer in South Africa with a market share of 21%. Santam provides a diverse range of general insurance products and services in southern Africa and internationally and through a network of 2700 intermediaries and direct channels. It serves more than 1 million policyholders who range from individuals to commercial and specialist business owners and institutions.

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Financial Highlights

The Santam group reported resilient operating results under challenging economic circumstances for the first six months of the 2021 financial year, with the group’s conventional insurance book achieving gross written premium (GWP) growth of 5% and a net underwriting margin of 6.7% (2020: 4.3%), which is above the midpoint of the company’s 4%-8% target range.

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Our Business

Santam Re’s strategic intent is to write profitable inwards TREATY reinsurance business by underwriting fairly priced business through diverse classes, countries, clients countries. Strong analytical and statistical skills coupled with good service will be the building blocks of our diversified portfolio. Our aim is to provide consistent reinsurance support in developing markets, driven by profitable growth.

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COVID-19

Access www.sacoronavirus.co.za for the latest COVID-19 details.

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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.