Santam passes most of $257m flood loss to reinsurers

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Reinsurance News - Sep 01, 2022

South African insurer Santam has reported its results for the first six months of 2022, which include a gross exposure of R4.4 billion (USD 257 million) to flooding in the KwaZulu-Natal province. However, the company’s net impact from the floods was limited to R566 million (USD 33 million) thanks to...

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