South African Underwriting Managers Association




IMPORTANT NEWS


Book now for the Annual SAUMA Conference 2014 ... [click here]  

Welcome to the South African Underwriting Managers Association

  • Established in 1999.
  • Over 80 Members by 2009
  • Representation at IISA, FSB
  • Ongoing Communication with Ombudsman - both FAIS and Short Term
  • SAUMA Board Members have recently attended Parlilament to state the case of the UMA
  • Minimum criteria to become a member of SAUMA including :
  • Professional Indemnity of R5m
  • Fidelity Cover of R1m
  • Underwriting Managers are experts in their niche fields
  • SAUMA is fully supported by the FSB
  • SAUMA is the only line of communication between FSB and Underwriting Managers

Front row from left to right : Tersia Davey - Chairperson (Natsure), Christine Sounes (SAUMA Manager), Andre de Waal - Vice Chairman (Commercial & Industrial Acceptances) Natasja Blok (Thatch Risk Acceptances)
Back Row from left to right : Curt Meyer (Mirabilis Engineering Underwriting Managers),
Rory Gainsford (HICSA), Drew Schnehage (Aquarius Underwriting Managers),
Steve von Roretz (Leppard & Associates), John Towsey (New Wheels Underwriting Agency),
Stuart Benfield (PrimaryAsset)

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Camargue Acquires New UMA - Synergy XOL
Tue, 27 Jan 2015

Camargue Underwriting Managers has confirmed that it has acquired UMA, Synergy XOL (Pty) Limited, following the sad and untimely passing of the companys Managing Director, Peter Hodgson in July 2014.


Registrar refers case against Talksure Trading to Enforcement Committee
Tue, 27 Jan 2015

The Registrar of Financial Services Providers (the Registrar) referred a case against Talksure Trading (Pty) Limited (the Respondent) to the Enforcement Committee of the Financial Services Board. The referral relates to a contravention of section 2 of the General Code of Conduct for Authorised Financial Services Providers and Representatives, 2003 issued in terms of section 15 of the Financial Advisory and Intermediary Services Act, 37 of 2002.


Consumers warned to protect themselves against loadshedding
Tue, 27 Jan 2015

Christelle Fourie, Managing Director of MUA Insurance Acceptances South Africans have been cautioned to protect themselves and their belongings against the financial repercussions of loadshedding and the resulting power surges that the process causes.


Fewer liquidations despite poor consumer spending
Tue, 27 Jan 2015

Formal liquidations fell 14% in December to 123 from 143 a year earlier, taking the calendar figure 13. 1% lower to 2064. This is somewhat surprising given that the economy experienced its slowest growth rate since the 2009 recession.


ReMetrica brings stochastic modelling to Life, Health Pensions
Tue, 27 Jan 2015

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), has launched ReMetrica for Life, Health Pensions to evaluate the key risks of long term products and more accurately influence reinsurance purchases, predict cash flow and analyse financial strategies.


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Pretium Compliance Corner
A Newsletter by PS Compliance Warehouse (Pty) Ltd with an emphasis on compliance issues. This is a personalised newsletter that is distributed to their clients, and as such, should be read with this in mind....

FSB Quarterly Reports Short-term
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Treating Customers Fairly: Items from the FSB
Presentations and papers on Treating Customers Fairly from the FSB...

Micro-insurance in South Africa
Following Micro-insurance developments in South Africa...

Ethics in Business Presentations
...

 

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