Credit Ratings

For International and Africa business, Santam writes on the paper of New Reinsurance Company Limited (New Re), registered in Switzerland. The Zurich-based reinsurer is a wholly owned subsidiary of Münchener Rückversicherungs-Gesellschaft (Munich Re) and boasts a Standard & Poor’s (S&P) AA- rating. Our international AA-rated paper solution positions us head and shoulders above our competitors as risk solution partners in Africa and selected international countries.

New Reinsurance Company Limited has authorised Mirabilis to act as its agent to underwrite and accept, on its behalf, engineering classes of reinsurance business. NewRe will meet all claims on its business bound by Mirabilis. With our binding authority on NewRe paper, the counterparty default risk is enhanced to Standard & Poor’s ‘AA-’ level.