What we do: Thatch Risk Acceptances (Pty) Ltd is specialized exclusively in residential thatch insurance and has over the years built a strong understanding of the requirements linked to this market. The company offers a complete service with a full mandate from Compass Insurance Company to provide quotations, issue policies and manage the entire claim settlement process. Cover is offered for the structure, house contents, all risks, motor vehicles and pleasure craft providing complete peace of mind to the client for personal insurance. The company was established in 1998 in order to take advantage of the thatched housing risk in South Africa.
Ownership & Management: Thatch Risk Acceptances has large strategic shareholders which are Lireas Holdings and Compass Insurance. The managing director is Natasja Blok with a strong track record in the insurance industry. Thatch Risk Acceptances underwrites on behalf of Compass Insurance which is wholly owned by Hannover Reinsurance Africa Limited, a subsidiary of Hannover Reinsurance in Germany.
Key financial indicators: Thatch Risk Acceptances underwrites on behalf of Compass Insurance with credit rating by GCR of AA-(za) in respect of claims paying ability. Thatch Risk Acceptances cover is offered for all requirements of a thatched house or structure.
Track record: Thatch Risk Acceptances has a strong track record in the insurance of residential thatched houses as it has been in operation since 1998 and also has strong strategic partners which are Compass Insurance and Lireas Holdings which are subsidiaries of Hannover Reinsurance in Germany.
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