Welcome to MIRABILIS Engineering Underwriting Managers for Santam Limited

MIRABILIS offers a fully comprehensive range of Engineering Insurance Products as follows:

 

 

The above products are enhanced with numerous extensions to suit the requirements of the insured.

 

The Mirabilis team has in-depth expertise, experience and understanding of Engineering Insurances. In addition we offer the following:

 

  • Reinsurance knowledge and support
  • Flexibility in the approach to design covers to suit individual needs;
  • Customised risk transfer solutions such as our Engineering Project Insurance Cover (EPIC);
  • Packaged solutions combined with CAR and EPIC which can include Marine and Project PI;
  • Structured alternatives to provide more competitive prices;
  • Technical assistance to brokers and their clients;
  • Practical Risk Management proposals to reduce risk and insurance cost and other specialised covers.

 

Together with Southern Africa, our territorial scope includes sub Saharan Africa and the Indian Ocean Islands, allowing us to offer cover for your clients needs into the growing Africa market. We can transact directly in various foreign currencies.

 

Accompanied by Santam Limited and our international panel of Reinsurers MIRABILIS offers solid security for your engineering risks, and can provide substantial capacity in our acceptances.

 

Santam Limited

 

Santam opened its doors for business on 1 May 1918, since then Santam has expanded to become South Africa's leading short-term insurer with over 22% market share. Santam's yellow umbrella is truly providing peace of mind to its policy holders with a footprint covering South Africa, Zimbabwe, Malawi, Uganda Tanzania and Zambia to name a few and a subsidiary in Namibia. Santam's renowned brand is trusted and insures many of the top 100 companies listed on the JSE.

 

Santam offers, Personal lines, Commercial lines, Agriculture and specialist business cover, with the highest level of expertise in every field.

 

Santam was awarded an insurer financial strength rating of 'AA+(zaf)' by Fitch ratings (2015) which reflects Santam’s strength and exceptional performance despite unfavorablee market conditions. In addition, Global Credit Rating (GCR) awarded Santam’s domestic currency claims paying ability a rating of AAA, which is the highest rating that can be attained by an insurance company. Santam has always achieved an excellent headline earnings and a healthy solvency margin proving Santam’s solid performance since its inception.

 

Santam is committed to an intermediary business model. It is for this reason that Santam was awarded Best Personal and Commercial Insurer by the Financial Intermediaries Association for the past two consecutive years. Santam believes in consistently providing the best service to its customers enabling all policyholders to rest insured.

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BEE Rating

The RMB Structured Insurance Group is majority owned by RMB Holdings. The Group's BEE shareholder is New Seasons Financial Services (Proprietary) Limited. New Seasons Financial Services (Proprietary) Limited holds a direct 15% investment in RMB-SI Investments (Proprietary) Limited.