Santam appoints Nico Conradie as CEO of Santam Re
Conradie, a reinsurance veteran with over 30 years of experience, joins from Munich Re Africa.
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South African short-term insurer
santam.co.zaLast updated
In short: Santam expanded its global reach and reported strong 2025 financial results, including an 11.3% underwriting margin and significant profit growth.
Conradie, a reinsurance veteran with over 30 years of experience, joins from Munich Re Africa.
The South African insurer will operate a reinsurance branch at GIFT City, becoming the first BRICS-based insurance company there.
The new venture will underwrite from January 2026, focusing on property, marine, energy, and other classes.
The team includes Rob Vetch as CEO and CFO, Simon Clapham as CUO, and others. Lloyd's approved in principle in July 2025.
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