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SAIA successfully holds virtual AGM, re-electing majority of board

26 July 2021 The South African Insurance Association

The South African Insurance Association at its Annual Meeting held virtually on 22 July 2021 has re-elected the board and welcomed newly elected Board Member, Mr Phillip Donnelly who joins the SAIA Board from Bidvest Insurance Company Ltd.

Ms Robyn Farrell resigned from the SAIA Board at the end of April 2021 upon her stepping down from being Managing Director of Auto and General.

SAIA Board Chairman, Mr Cedric Masondo thanked all Board members for their diligent work over the past year, highlighting that the year 2020 and 2021 have not been easy as the industry had to deal with Contingency Business Interruption claims, as well as the recent politically motivated riots in KwaZulu Natal and Gauteng.

The newly elected SAIA Board Members are as Follows:

Board as follows, per previous:

Lizé Lambrechts

Santam Limited

Willem Lategan

The Hollard Insurance Company Limited

Danie Matthee

OUTsurance Insurance Company Limited

Nolwandle Mbalo

Standard Insurance Limited

Easvarie Naidoo

 

Lloyd's Underwriters (represented by Lloyd's South Africa (Pty) (Limited)

Garth Napier

Old Mutual Insure

Edwyn O'Neill

Bryte Insurance Company Limited

Anton Ossip

Discovery Insure Limited

Phillip Donnelly

Bidvest Insurance Company Limited

Walter Marte

Nedgroup Insurance Company Limited

Charles Nortje

Credit Guarantee Insurance Corporation of Africa Limited

Herman Schoeman

Guardrisk Insurance Company Limited

Wayne Abraham

AIG South Africa Limited

Gary Jack

Chubb Insurance South Africa Limited

Thusang Mahlangu

Allianz Global Corporate & Specialty South Africa Limited

Terrance Ray

SCOR SE - Africa Branch

Beat Strebel

Swiss Re Africa Limited

Jacqueline Kilani

ESCAP SOC Limited

Cedric Masondo

Sasria SOC Limited

Maniki Rakgalakane

Land Bank Insurance Company

 

Quick Polls

QUESTION

As National Treasury mulls a two-bucket retirement system, mandatory contributions and preservation, regulation 28 is being amended to allow up to 40% of retirement fund assets to be invested in SA-based infrastructure… Which of the following retirement fund ‘tweaks’ would you consider most beneficial to your clients?

ANSWER

Give fund members emergency access to retirement savings
Let fund members invest 40% in infrastructure
Let fund members invest 40% offshore
Mandatory preservation when resigning from a fund
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