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Guardrisk/MMI Holdings Transaction Finalised

03 March 2014 | Momentum Metropolitan Holdings

The sale of Guardrisk to MMI Holdings, which was announced in November 2013, has now been approved by the Financial Services Board and the South African competition authorities. The transaction – which was approved by the Competition Tribunal without any conditions – comes into effect on 3 March 2014. The relevant authorities in Mauritius and Gibraltar have also approved the transaction in relation to Guardrisk’s operations in these two jurisdictions.

Bestmed improves its service delivery with an exciting recognition programme

28 February 2014 | Bestmed

Rewards & Recognition – Bestmed improves its service delivery with an exciting recognition programme aimed at strengthening employee engagement.

Outgoing Liberty CEO delivers record results

27 February 2014 | Liberty

Financial highlights summary 2013

Santam reports growth of 9% in gross written premiums (excluding cell insurance business) exceeding R20 billion for the first time

26 February 2014 | Santam

Santam, South Africa’s largest short-term insurer, today reported a 9% increase in annual gross written premiums (excluding cell insurance business) in the year to end-December, in spite of continued tough underwriting conditions, characterised by several significant adverse weather events exacerbated by the sharp decline in the Rand-Dollar exchange rate. The rand dollar exchange rate depreciated by 24% over the year. This placed significant strain on the motor insurance book as the weaker rand directly affects the cost of claims.

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