Santam has acquired 45% of the capital of Mirabilis Engineering Underwriting Managers, a local company specialized in engineering and construction risk underwriting.
The South African group now holds 100% of the company's capital. The transaction is yet to be approved by the competent authorities. The amount of the transaction has not been revealed.
Read also | Ranking of South African non-life insurance companies [4]
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[3] https://www.atlas-mag.net/en/issue/insurance-in-the-aftermath-of-covid-19
[4] https://www.atlas-mag.net/en/article/ranking-of-south-african-non-life-insurance-companies-according-to-2019-s-turnover