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SGI Guarantee Acceptances was previously a separate legal entity that acted as an Underwriting Manager for Constantia Insurance Co Ltd.
However, as a result of the implementation of the new Binder Regulation which would have negatively effected the operational capacity of the UMA, SGIGA started to trade as a Division of Constantia Insurance Co Ltd where all the issued bonds were placed in “run off” and new business was underwritten as a Division of Constantia Insurance Co Ltd. We believe the collaboration, of Constantia Insurance Co Ltd a company incorporated in 1952 and 60 years of existence in the South African Market.
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