Johannesburg – Trustco Holdings (Trustco) announced on 9 December 2019 that it has made an offer to purchase the insurance and related business operations of the Constantia Group (Constantia) from
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Azriel Aviation Africa and the Constantia Insurance Group have partnered to offer the aviation sector a much-needed broader offering of insurance solutions.
Underinsurance, high premiums, and insufficient contribution to the incremental development of local financial and intellectual capacity by reinsurers are but a few of the obstacles to emerging economies and the short-term insurance sector in these markets, but insurers can turn this around.
“The death or incapacitation of an active co-owner or partner places a business and the surviving partners under immense strain, often with dire consequences for the business,” says Seripe. It’s also important to keep in mind the family of the deceased, disabled or critically ill partner."