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Santam loses virus-linked test case for S. African insurers

Nov 19, 2020

The court agreed with the approach of the UK Financial Conduct Authority in settling business-interruption claims as a result of COVID-19 restrictions and ordered Santam to pay Ma-Afrika Hotels and Stellenbosch Kitchen for losses for an 18-month period, according to the judgment on Tuesday.

Generali to step up asset management expansion

Nov 19, 2020

The group’s long-term ambition is to position Generali among the top five multi-boutiques in the world by profits, it said. These are usually specialized investment divisions operating under the umbrella of a larger company.

“We have 2.5 billion euros for further acquisitions,” the insurer’s general manager Frederic de Courtois said in a presentation.

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