Santam Group, a major South African insurance company, has been granted Lloyd’s final permission for its Santam Syndicate 1918 to underwrite for business beginning on or after January 1, 2026.
With a planned gross written premium (GWP) projected to exceed £300 million in 2026, Syndicate is expected to accelerate Santam’s goals for international growth and diversification, while also providing an additional value offering to the Lloyd’s market.
Santam has put together an experienced executive team, appointing Rob Vetch, a professional with 30 years’ experience in the global re/insurance market, as Chief Executive Officer (CEO) and Chief Financial Officer.
Simon Clapham, who has over 45 years of market experience, was named Chief Underwriting Officer and Active Underwriter. Richard Westo is also joining the team as Chief Actuary and Chief Risk Officer, bringing 25 years of experience in the London market, most recently at Brit.
Additionally, Carla Jordan, who has 25 years’ experience in reinsurance and insurance, is the Chief Engagement and Portfolio Officer. Further senior underwriting appointments will be announced imminently, Santam stated.
TheSyndicate’s initial underwriting focus will include: Property – International and North America Open Market and Binders, Marine, Energy, Political Violence and Terrorism, Financial Institutions, Professional Indemnity, and Cyber.
Tavaziva Madzinga, the Santam Group CEO, has welcomed Lloyd’s final approval, he stated: “International growth and diversification is a key component of our FutureFit2030 strategy. Launching a Lloyd’s syndicate is the most efficient and scalable platform to pursue this business goal.
“The Syndicate is a major step in realising our international ambitions and transforming the Santam Group. We are excited to receive permission to underwrite and look forward to opening for business on 1 January 2026.”
Rob Vetch commented: “Beginning a business at Lloyd’s for Santam, South Africa’s leading insurer with more than 100 years of history across the group, is incredibly exciting. Our team is looking forward to being fully live from 1/1, collaborating closely with our international distribution brokers, creating new synergies with clients, bringing new business to London and adding value to all parts of the chain.”
About the Author
