Saxum Insurance joins forces with Risklab (Pty) Ltd

Saxum Insurance, a privately owned, innovative short-term insurance company has joined forces with Risklab (Pty) Ltd.

Having developed pioneering solutions for South Africa's top corporates in the banking, insurance and mining sectors, Risklab is widely regarded as a leading provider of actuarial, risk management and strategy solutions.

This deal has enabled Saxum Insurance to gain full and unlimited access to Risklabs skill base and technology. Saxum believes that through this investment, it will be able to offer a comprehensive range of products both basic and specialized.

As part of its growth strategy, Saxum Insurance has significantly increased its capital base and financial strength. A recent change in personnel Head of Underwriting and Claims, Mr. Paddy Murray is leaving to pursue his own interests, with effect from the end of June 2007. His successor, Mr. Deena Pillay (ex Santam), has 19 years underwriting experience in the Short-term industry in Personal, Commercial and Corporate lines of business.

Saxum is proud of its black empowerment credentials - its valued employees comprise business professionals from all demographic groupings. Saxum also enjoys a broad based broker accreditation as a result of its management philosophy and reputation.

Thomas Ohlenschlager, managing director of Saxum Insurance, summarises the companies ethos with his strategic viewpoint - "The establishment of long term relationships is the primary focus of our business development strategy. Saxum's value added offering extends beyond the boundaries of simply underwriting risks, and focuses on value creation through the risk management process."