Echelon to become a division of Santam

16 February 2021 Echelon

Chief Executive Officer (CEO) of Echelon, Darrel Dawson announced that as of 1 March 2021, Echelon will become a division of Santam. He said Echelon will change from operating as a 100% held subsidiary company of Santam to operating as a division of Santam, while retaining the Echelon brand.

Dawson said the decision to divisionalise Echelon is based on additional cost-saving synergies being achieved as well as streamlining certain compliance and statutory requirements that apply to independent underwriting managers. The move will also contribute further to their objective of consistent and seamless private client and intermediary experience across all touch-points within the Santam group.

Central to Echelon’s success over the past 10 years has been their ability to provide a one-stop tailored personal asset risk solution to meet the ever-changing insurance needs of professionals, business owners and executives.

Dawson added that he trust their value proposition to clients and intermediaries will continue to be evident in the people and leadership team that continue to drive the Echelon business forward.

“The change will not affect the day-to-day running of the business, it will be business as usual. The collective management team and I remain committed to providing you with the very best service and solutions and maintain our position as the leading private client insurer in South Africa,” he said.


Quick Polls


The Budget Speech 2021...


Certainly taxpayer-friendly, with tax increases being kept to a minimum
Realistic and in accordance with my expectation
Is welcomed news and will go a long way to bolster the economy and South Africa
I have mixed feelings… cutbacks and reprioritisations in government spending pose a significant risk and will come at a cost
Oh no! What about our booze and tobacco! Higher sin taxes
fanews magazine
FAnews February 2021 Get the latest issue of FAnews

This month's headlines

FNA VS Compliance: Advisers still tripping up on section 8(1) of the Code!
Taking the lessons of 2020, into 2021
Motor insurers take note: Replacement parts cannot compromise an insured’s safety!
The broker’s dilemma: Courts lambaste non-life insures for business interruption shortcomings
Leading experts warn the world about the dangers ahead
The world of work 2021… smarter, faster, simpler
Trends that will shape the life insurance industry going forward
Subscribe now