S. African Riot Insurer to Shoulder Bulk of Claims After Days of Violent Civil Unrest July 19, 2021 By Roxanne Henderson and Khuleko Siwele As calm begins to return to South Africa following days of violent riots that caused billions of rand in damage,...
Insurer Sanlam Braces for More Virus Waves in South Africa March 12, 2021 By Roxanne Henderson South Africa may still be short of the halfway mark of the pandemic even after two distinct waves of the...
South African Insurer Santam Loses COVID-19 Business Interruption Test Case November 18, 2020 By Roxanne Henderson A Cape Town court ordered Santam Ltd. to pay out business-interruption claims to two South African hospitality companies, potentially opening...
Top African Insurer Sanlam Refocuses on Home Market After 2018 Acquisition Misfires October 23, 2020 By Roxanne Henderson Paul Hanratty, the new chief executive officer of Sanlam Ltd., is refocusing on the South African insurer’s home market and...
S. African Insurers Bow to Policyholder Demands to Pay COVID Biz Interruption Relief July 29, 2020 By Roxanne Henderson South African insurers are bowing to demands for the payment of losses that businesses suffered during the nation’s lockdown. Momentum...
South African Insurer Santam to Pay Virus Relief to Clients with Biz Interruption Cover July 27, 2020 By Roxanne Henderson South Africa’s largest property and casualty insurer will pay as much as one billion rand ($60 million) in relief to...
S. African Regulator Says Business Interruption Virus Claims Don’t Pose Systemic Risk July 16, 2020 By Roxanne Henderson South Africa’s Prudential Authority expects that business-interruption claims linked to the Covid-19 pandemic poses little systemic risk to the insurance...
South Africa Regulator Warns Insurers to Stop Broad Rejection of Virus Claims July 10, 2020 By Roxanne Henderson A South African regulator warned insurers to stop broadly rejecting claims from businesses seeking to cover losses because of a...
South Africa Regulator Probes Insurance Contracts Over Unpaid COVID-19 BI Claims June 12, 2020 By Roxanne Henderson A South African regulator is studying insurance contracts after customers complained that claims related to the coronavirus were unfairly rejected....
Johannesburg City Hit by Hackers Who Demanded Bitcoin Ransom October 28, 2019 By Roxanne Henderson and Jacqueline Mackenzie The City of Johannesburg shut down its website and billing systems after a group hacked into the authority’s system and...