Santam Group has received final approval from Lloyd’s to launch Santam Syndicate 1918, which will begin underwriting from 1st January 2026. The syndicate, targeting Southern Africa and international markets, is targeting gross written premium of more than £300m in 2026.

The syndicate will focus initially on property in international and North American markets, marine, energy, political violence and terrorism, financial institutions, professional indemnity and cyber.

Rob Vetch will serve as chief executive officer and chief financial officer, Simon Clapham as chief underwriting officer and active underwriter, Richard Weston as chief risk officer, and Carla Jordan as chief engagement and portfolio officer. Further senior underwriting appointments will be announced soon.

Tavaziva Madzinga, Santam Group CEO, said: “International growth and diversification is a key component of our FutureFit2030 strategy. Launching a Lloyd’s syndicate is the most efficient and scalable platform to pursue this business goal. The syndicate is a major step in realising our international ambitions and transforming the Santam Group.”

Vetch added: “Beginning a business at Lloyd’s for Santam, South Africa’s leading insurer with more than 100 years of history across the group, is incredibly exciting. Our team is looking forward to being fully live from 1/1, collaborating closely with our international distribution brokers, creating new synergies with clients, bringing new business to London, and adding value to all parts of the chain.”

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