FANews
FANews
RELATED CATEGORIES

Specialist insurer achieves an A+ rating

10 July 2008 Compass Insurance (Pty) Ltd

One of the most dominant specialist insurers in the South African market, Compass Insurance (Pty Ltd) has been awarded an A+ security rating.

Global Credit Ratings upgraded Compass Insurance from an A rating with a positive outlook to the A+ rating this week. The rating upgrade is indicative of the company’s exceptionally high claims paying ability and above average protection factors.

Angela Mhlanga (pictured), Managing Director of Compass Insurance, said: “We are very pleased with the rating received - as this is a positive indicator of Compass’s claims paying ability and good standing. This rating confirms that the strict governance that Compass applies, alongside its sound management processes will bode well for our clients and other business partners.

Compass Insurance has been operational in the South African market for 15 years – having developed a successful model to deliver niche insurance expertise via its underwriting agencies to a range of sectors from marine insurance through to clients who require industry specific insurance in the hospitality, woodworking and domestic thatch industry, among others.

Quick Polls

QUESTION

South Africa went to Davos to pitch itself as an investor-friendly destination, then signed an Expropriation Act. What message does this send to global investors?

ANSWER

Invest at your peril
SA is open for business
Two steps forward, one land grab back
Welcome to Hotel California
fanews magazine
FAnews February 2025 Get the latest issue of FAnews

This month's headlines

Unseen risks: insuring against the impact of AI gone wrong
Machine vs human: finding the balance
Is embedded insurance the end of traditional broker channels?
Client aspirations take centre stage as advisers rethink retirement planning
Maximise TFSA contributions before year-end
Subscribe now