Santam Re
Santam Re
Santam Re is an established reinsurer providing capacity for both property casualty and health across Africa, the Indian Sub-continent, the Middle East, including Turkey, Southeast Asia, China and Central and East Europe.
Our vision is to become a preferred reinsurer providing reliable capacity and services to clients in emerging markets.
We aim to provide reliable reinsurance support in developing markets, driven by profitable growth and a wish to ensure long-term sustainability. We believe in building mutually beneficial relationships, ensuring that our clients enjoy our capacity and financial strength for our mutual benefit.
View a full breakdown of the Santam group financial results by year. Santam Re financials are reported in Rands. They use an average rate (R/US$ of 16.49) for twelve months ended 31 December 2022 to convert numbers from ZAR to USD.
Our parent company, Santam Limited, is the leading general insurer in South Africa with a market share of more than 23% with annualised gross written premium of R35.4 billion(US$2.1 billion*).
Founded in 1918, Santam has become a diverse company that stretches into all areas of general insurance, across personal, commercial, agriculture and specialist markets. Santam is listed on the Johannesburg Stock Exchange (JSE) and has as its majority shareholder the South African assurance company, Sanlam. Santam and Sanlam have a presence in 33 African countries.
Santam Re writes on behalf of New Re (AA- rated), and uses its own paper where possible. New Re, based in Zurich, is a wholly owned subsidiary of Munich Re, with an AA-rating from S&P.
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