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South African re/insurer Santam launches its India operations, targets Rs100 cr premium in 2 yrs

South African re/insurer Santam launches its India operations, targets Rs100 cr premium in 2 yrs

by AIP Online Bureau | Feb 19, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Lto R- Gedion Labane, Consul General of South Africa in Mumbai, Charlise Cloete,Cluster, Market Head Reinsurance: Asia Pacific, Santam,Curt Mayer, Executive Head, Santam Specialist. Gareth Beaver, CEO, Santam Specialist Solutions, and Kush Padia, CEO, Santam Re &...
McKinsey says recovery from South Africa scandals to take yrs

McKinsey says recovery from South Africa scandals to take yrs

by AIP Online Bureau | Dec 8, 2025 | Workplace/Employee Benefits

The company was embroiled in the scandals during an era of government graft — known locally as state capture — that also involved Bain & Co., SAP SE, KPMG LLP and ABB Ltd. Rebuilding McKinsey & Co.’s reputation in South Africa after it was implicated in state...
Africa Specialty Risks launches Syndicate 2454 in South Africa

Africa Specialty Risks launches Syndicate 2454 in South Africa

by AIP Online Bureau | Nov 26, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Commenting on the launch of Syndicate 2454 in South Africa, Mikir Shah, chief executive officer, ASR said: “South Africa has always been and remains a key market for us, and this launch allows us to write risks directly in the market, ensuring we’re close to our...

Toyota’s Japanese insurer sues South Africa over $361 million flood claim

by AIP Online Bureau | Jun 23, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The claim alleges that the floods, which closed the Prospecton plant for four months, cost the company about 4.5 billion rand in plant repairs and rehabilitation and more than 2 billion rand in business interruption, the newspaper reported. A 6.5 billion rand ($361...
South Africa most dangerous country to drive India ranks 49th among 53 surveyed

South Africa most dangerous country to drive India ranks 49th among 53 surveyed

by AIP Online Bureau | Mar 29, 2025 | Data, Facts, International News, Risk Management

India, at 49th place, was listed among the bottom five with the US ranking 51, making it the third most dangerous country to drive, according to Zutobi.com, the international driver’s education company with courses in multiple countries Johannesburg: South...
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