Vision
To be a Leading Reinsurance and Risk Solution Provider in Africa and to support parent’s global strategy
Mission
Building long-term mutually beneficial relationship with business partners
Practicing fair business ethics and values
Applying ‘state-of-the-art’ technology, processes including enterprise risk management and innovative solutions
Developing and retaining highly motivated professional team of employees
Enhancing profitability and financial strength befitting the global position
Redefining service delivery mechanism and attitude in the region
History in Brief
This company was incorporated on 24th November, 1956 as SWEDISH ATLAS REINSURANCE COMPANY OF SOUTH AFRICA LTD registered with Registrar of Companies at Pretoria under No 56/3037
The ownership changed and this company was renamed as Gerling Global Reinsurance Company of South Africa Ltd 3rd Day of March, 1962.
The ownership was again changed and the company was renamed as Saxum Reinsurance Ltd on the 12th day of November, 2003.
The Saxum Reinsurance Ltd was acquired by General Insurance Corporation of India and renamed as GIC Re South Africa Ltd on the 11th day of August 2014.
Board of Directors
Executive Management
Board Committees
Finance & Investment Committee
Mr. Jonathan Bagg (Chair)
Mr. Sanjay R Bhikha
Ms. Fundiswa Roji
Mr. V Balkrishna
Audit Committee
Mr. Sanjay R Bhikha (Chair)
Mr. Jonathan Bagg
Ms. Nazley Sallie
Ms. Fundiswa Roji
Social & Ethics Committee
Mr. N Ramaswamy(Chair)
Mr. Jonathan Bagg
Ms. Nazley Sallie
Ms. Fundiswa Rosi
Mr. Jetho Jhamnani
Remuneration Committee
Ms. Nazley Sallie (Chair)
Mr. Sanjay R Bhikha
Mr. V Balkrishna
Mr. Fundiswa Roji
Risk Committee
Mr. Sanjay R Bhikha (Chair)
Mr. Jonathan Bagg
Ms. Nazley Sallie
Mr. V. Balkrishna
Mr. Jetho Jhamnani
