Santam Limited Company Profile - Aug 05, 2011 by WrightReports

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Santam Limited (Santam) is South Africa-based Company, along with its subsidiaries, transact all classes of short-term insurance. The Company operates in two segments: insurance activities and investment activities. Insurance activities segment is engaged in commercial insurance, personal insurance and alternative risks. Investment activities segment is engaged in all investment-related activities undertaken by the Company. On January 1, 2010, Santam acquired 33.3% in Centriq Holdings (Pty) Ltd. In January 2010, Santam acquired the remaining 33.3% interest in Centriq Insurance Company Ltd. Effective September 1, 2010, the Santam Group acquired Indwe Broker Holdings (Pty) Ltd. On December 31, 2010, MiWay Group Holdings (Pty) Ltd became a wholly owned subsidiary of the Company, when Santam acquired Sanlam Life Insurance Ltd.'s 68.75% interest in the Company.

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   A Wright Investors' Service Research Report:

   Santam Limited
                                                                                           440 Wheelers Farms Road
                                                                                           Milford, CT 06461 U.S.A.


  COMPANY PROFILE
  Figures in South African Rands

                                 Wright Quality Rating:BBA0                                  Key Data

   Santam Limited (Santam) is South Africa-based Company, along with its subsidiaries,       Ticker:
   transact all classes of short-term insurance. The Company operates in two                 SNT
   segments: insurance activities and investment activities. Insurance activities
   segment is engaged in commercial insurance, personal insurance and alternative            2010 Sales:
   risks. Investment activities segment is engaged in all investment-related activities
                                                                                             14,459,000,000
   undertaken by the Company. On January 1, 2010, Santam acquired 33.3% in Centriq
   Holdings (Pty) Ltd. In January 2010, Santam acquired the remaining 33.3% interest
   in Centriq Insurance Company Ltd. Effective September 1, 2010, the Santam Group           Major Industry:
   acquired Indwe Broker Holdings (Pty) Ltd. On December 31, 2010, MiWay Group               Financial
   Holdings (Pty) Ltd became a wholly owned subsidiary of the Company, when Santam
   acquired Sanlam Life Insurance Ltd.'s 68.75% interest in the Company.                     Sub Industry:
                       Stock Chart                                   Officers                Insurance Companies
                                                              Non Executive Chairman
                                                               Vusumuzi Phillip Khanyile     Country:
                                                                                             South Africa
                                                          Executive Director & Chief
                                                                 Executive                   Currency:
                                                                  Ian M. Kirk
                                                                                             South African Rands

                                                                     Secretary
                                                                                             Fiscal Year Ends:
                                                                     Masood Allie
                                                                                             December

                                                                                             Employees
                                                            
								
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