Santam braces for more adverse weather conditions
Short-term insurer says inclement weather in July resulted in sizeable flooding losses
13 November 2024 - 05:00
Santam, SA’s largest short-term insurer, says its underwriting performance for the rest of the year is vulnerable to more adverse weather conditions.
In a trading update for the nine months to end-September released on Tuesday, the company said inclement weather conditions in July, particularly in the Western Cape, resulted in sizeable flooding losses...
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