
Santam strengthens Syndicate 1918 team as Lloyd’s operation scales up
Hina Shavdia joins as COO as Santam increases Lloyd’s capacity and expects a larger loss before the business reaches break-even.

Hina Shavdia joins as COO as Santam increases Lloyd’s capacity and expects a larger loss before the business reaches break-even.

The GIFT City operation, together with the Lloyd’s syndicate and Avatar acquisition, is part of the group’s move to broaden its risk base and underwriting capabilities.

Currency movements, bond market distortions, reinsurance losses, and strategic investment spending combined to weigh on Sanlam’s reported results.