Monday, February 26, 2024

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GCP #24: The South African captive market

Matthew Bezuidenhout, Marsh
Gert Cruywagen, Tsogo Sun Group
Ernie van der Vyver, Clyde & Co

The Global Captive Podcast, supported by legacy specialists R&Q, returns for the second season with an in depth look at the South African captive insurance market.

Recorded from Johannesburg, Richard is joined by guest co-host Matthew Bezuidenhout, Head of Risk Finance and Captive Solutions at Marsh & McLennan Companies in South Africa, to discuss the state of the insurance market in the country, the corporate approach to captive solutions and the prevalence of cell captives.

The captive owner interview is with Gert Cruywagen, Director of Risk at hospitality giant Tsogo Sun Group, which owns a sophisticated captive domiciled in the Isle of Man. Gert is also the current President of the International Federation of Risk and Insurance Management Associations (IFRIMA).

The third interview is with Ernie van der Vyver, Corporate Insurance Partner at Clyde & Co. Ernie is an expert in cell company law and regulation in South Africa and outlines how the structures are utilised by corporates and intermediaries.

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