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

Board Committees

Finance & Investment Committee

Mr. Jonathan Bagg – Chair

Mr. Devesh Srivastava – Member

Mr. Sanjay R Bhikha – Member

Audit Committee

Mr. Sanjay R Bhikha -Chair

Mr. Jonathan Bagg-Member

Adv, Cassim I Moosa-Member

Social & Ethics Committee

Mr. Devesh Srivastava – Chair

Adv. Cassim I Moosa-Member

Mr. Charles G Asirvatham-Member

Remuneration Committee

Adv. Cassim I Moosa-Chair

Mr. Devesh Srivastava

Mr. Sanjay R Bhikha

Risk Committee

Mr. Jonathan Bagg-Chair

Mr. Devesh Srivastava-Member

Mr. Sanjay R Bhikha

Adv. Cassim I Moosa

Mr. Charles G Asirvatham

Executive Management

Parent Company

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