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The Prudential Authority (PA) has succeeded in its High Court application to have Constantia Insurance Company Limited (CICL) placed under provisional curatorship. In a media released issued 1 August 2022, the authority confirmed that it had gone to court late last week to intervene in the non-life insurance business of Constantia Risk and Insurance Holdings. Constantia also has two life insurance subsidiaries which are not affected by the authority’s application.
Conduit to work with the Prudential Authority to expedite the recapitalisation of Constantia Insurance Co Limited (CICL)
On Tuesday 8 March, Constantia Insurance announced its partnership with Ami Sure (Pty) Ltd (Ami), an innovative new digital underwriting manager which will provide a full suite of personal lines products focused on the traditional and high net worth market segments.
“She brings humanity, humility, understanding and – dare I say it – love into her practice.”
What do you believe will be the biggest challenge when the COFI framework is finally implemented?