Insurer Santam says it missed a target for net underwriting margins in the first four months of 2019 because of several major catastrophes in SA.

These included fires in the Betty’s Bay area in January; hail damage in Newcastle in March; and storm and flood damage in KwaZulu-Natal in April, Santam said.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now