Africa’s largest non-life insurer gains Lloyd’s access and fills out syndicate leadership

Santam Syndicate 1918 – a new business venture from Africa’s largest non-life insurer, Santam Group – has been given final permission from Lloyd’s to underwrite in its market.

Commencing on 1 January 2026, Santam Syndicate’s entry to the market will see it underwrite a projected £300m of gross written premium (GWP) in its first year – part of what the firm described as its “international growth ambitions and diversification strategy”.

The venture said its initial underwriting focus will be on the property, marine, energy, political violence and terrorism, financial institutions, professional indemnity and cyber classes of business.

The new syndicate has appointed industry veterans Rob Vetch as its chief executive officer and chief financial officer, and Simon Clapham as its chief underwriting officer and active underwriter.

Meanwhile, Richard Weston will assume the roles of chief actuary and chief risk officer, while Carla Jordan takes on the position of chief engagement and portfolio officer.

International growth

Tavaziva Madzinga, chief executive at the Santam Group, said: “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.”

Newly appointed syndicate chief executive, Rob Vetch, added: “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 January 2025, 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.”