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Santam Set to Launch Lloyd’s Syndicate This Year – Moonstone Information Refinery
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Santam set to launch Lloyd’s syndicate this year – Moonstone Information Refinery
Santam, South Africa’s largest short-term insurer, has been granted in-principle approval by Lloyd’s to launch a syndicate based in London. The new venture will be known as Santam Syndicate 1918, which symbolises the founding year of Santam, and aims to start underwriting later this year, with business incepting from 1 January 2026. The planned gross written premium for 2026 is anticipated to be between £300 million and £400m (about R6.9 billion…
Santam Limited, one of South Africa's leading general insurers, has received the approval in principle from Lloyds of London for the establishment of a reinsurance union based in the United Kingdom. This authorization remains conditional on the fulfilment of the operational requirements set out by Lloyds. South Africa's regulatory authorizations have already been obtained, while the final authorization for...
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