SATIB Insurance Brokers have recently forged an association with Ascoma, an international insurance brokerage based in Monaco, which operates throughout Europe. Ascoma has been conducting business extensively in Francophone (french-speaking) Africa for over 60 years. The association will see the companies becoming part of each other’s networks and offering reciprocal business. SATIB will deal with any insurance placements Ascoma has in Southern Africa and they, in turn, will utilise Ascoma to deal with SATIB placements in French-speaking African countries.
Ascoma has fifteen offices in Francophone African countries, including Equatorial Guinea, the Republic of Congo, the Democratic Republic of Congo, Senegal, Mauritania, Benin, Ghana, Burundi and Rwanda. The company is well-equipped to conduct business in the region due to a detailed knowledge of local characteristics and socio-economic structures in each of the countries where it is present along with the experience and technical expertise of its employees and the solid relationships developed with the largest companies.
Ascoma will assist SATIB in ensuring that the individual demands of Francophone African countries are correctly managed to ensure that clients’ needs are fully understood and effectively dealt with. SATIB sees this partnership as an important part of its growth strategy for the African side of the business.
For more information contact SATIB Insurance Brokers on info@satib.co.za or 0861 SATIB 4U (72842 48).
Source: SATIB Insurance Brokers
Monday, November 19, 2012
Tuesday, November 6, 2012
Skybound Capital Group strategic alliance
SATIB Insurance Brokers are proud to announce our strategic alliance with Skybound Capital Group as a value-added service to our clients.
Risk transfer and asset management are inexorably linked, which is why SATIB have partnered with Skybound and its regulated group of companies. Skybound takes a holistic approach to wealth management by providing portfolio and fund management, as well as wealth advisory services to a range of International and South African clients.
Skybound's services include:
Wealth Advisory:
Ongoing investment reviews and access to an investment committee that manages and advises you on all your financial affairs.
Asset Management:
Unit Trust Funds - provide traditional, multi-manager, asset management solutions for clients primarily invested in Retirement planning or Retirement funding products, on various administration platforms offering Unit Trust solutions.
Multi Manager Funds SA - provides access to specialised funds and fund management strategies that complement other investments.
Multi Manager Funds International - provides access to single strategy and multi-strategy funds across varying geographies, asset classes and currencies.
Share Portfolios - form part of many high net worth clients’ wealth, whether passive long term holdings or actively managed portfolios.
Money Market - access to better than average rates of interest through individual segregated client accounts.
Trust and fiduciary services:
Tailor-made solutions to help individuals and corporations in establishing offshore companies, trusts, foundations and fund administration.
Insurance:
In association with SATIB, ensuring that asset risks are appropriately transferred.
Legal, tax and business consulting:
Access to independent and internationally experienced advisors for Legal, Tax and Business needs.
Concierge and soft services:
For those who prefer having someone else sort out those “just can’t get to” matters.
As part of the risk review process, as a SATIB client, will receive a total analysis and assessment of your investments, your strategy and your associated risks.
Should you require a personal consultation to discuss how SATIB and Skybound Capital can be of assistance to you, please confirm a suitable day and time by reply to this advisory email.
Source: SATIB Insurance Brokers
Risk transfer and asset management are inexorably linked, which is why SATIB have partnered with Skybound and its regulated group of companies. Skybound takes a holistic approach to wealth management by providing portfolio and fund management, as well as wealth advisory services to a range of International and South African clients.
Skybound's services include:
Wealth Advisory:
Ongoing investment reviews and access to an investment committee that manages and advises you on all your financial affairs.
Asset Management:
Unit Trust Funds - provide traditional, multi-manager, asset management solutions for clients primarily invested in Retirement planning or Retirement funding products, on various administration platforms offering Unit Trust solutions.
Multi Manager Funds SA - provides access to specialised funds and fund management strategies that complement other investments.
Multi Manager Funds International - provides access to single strategy and multi-strategy funds across varying geographies, asset classes and currencies.
Share Portfolios - form part of many high net worth clients’ wealth, whether passive long term holdings or actively managed portfolios.
Money Market - access to better than average rates of interest through individual segregated client accounts.
Trust and fiduciary services:
Tailor-made solutions to help individuals and corporations in establishing offshore companies, trusts, foundations and fund administration.
Insurance:
In association with SATIB, ensuring that asset risks are appropriately transferred.
Legal, tax and business consulting:
Access to independent and internationally experienced advisors for Legal, Tax and Business needs.
Concierge and soft services:
For those who prefer having someone else sort out those “just can’t get to” matters.
As part of the risk review process, as a SATIB client, will receive a total analysis and assessment of your investments, your strategy and your associated risks.
Should you require a personal consultation to discuss how SATIB and Skybound Capital can be of assistance to you, please confirm a suitable day and time by reply to this advisory email.
Source: SATIB Insurance Brokers
Wednesday, October 31, 2012
Introducing our "sister" company Sprout Consulting
After years of successfully consulting to the companies which make up Ivory Holdings and their clients, Ivory Business Consultants is undertaking the next phase in its evolution after opening its services to the SME market in South Africa early in 2012. A name change to Sprout Business Consultants (trading as Sprout Consulting) – a fitting moniker for a consultancy which aims to initiate and support the growth of its clients, Sprout Consulting is positioning itself to take advantage of the need for business assistance in this segment.
Sprout Consulting offers comprehensive business consulting and outsourcing in the areas of IT, Finance, Human Resources and Marketing and as the demand for services has grown, so has the business. Sprout Consulting boasts an experienced team of over 15 professionals and a panel of expert strategic partners who provide a suite of business services allowing companies to focus on their core strengths. From assisting in developing the company strategy to outsourcing the payroll, Sprout Consulting can help all along the way.
Kevin Watson, a chartered accountant with an MBA, heads up Sprout Consulting and has worked in many industries in four different countries over the past 20 years. “The trend in fractional ownership of assets is well known to all, but there is significant shift around the globe to fractional ownership of the administration side of the business, especially in the SME market”, says Watson. “In the finance area for example, not many companies can afford a full time financial director and as such, the finance team may not be getting the best direction and management may not have easy access to the right advice. Mistakes can be costly. Sprout Consulting are able to offer SME’s the ability to totally outsource a business function (I.T., Finance, Marketing or HR) and/or have a representative at director level sit in on board meetings for our clients.”
Sprout Consulting is the only business consultancy SATIB can find which offers these comprehensive services and packages, making it a pioneer in its field.
Take the headache and risk out of running your own administration and create the time needed to produce and sell your products. Contact Kevin at kevin@sproutconsulting.co.za or 0861 728 4248 to discover whether your business can benefit.
Visit Sprout Consulting's website http://www.sproutconsulting.co.za.
Source: SATIB Insurance Brokers
Sprout Consulting offers comprehensive business consulting and outsourcing in the areas of IT, Finance, Human Resources and Marketing and as the demand for services has grown, so has the business. Sprout Consulting boasts an experienced team of over 15 professionals and a panel of expert strategic partners who provide a suite of business services allowing companies to focus on their core strengths. From assisting in developing the company strategy to outsourcing the payroll, Sprout Consulting can help all along the way.
Kevin Watson, a chartered accountant with an MBA, heads up Sprout Consulting and has worked in many industries in four different countries over the past 20 years. “The trend in fractional ownership of assets is well known to all, but there is significant shift around the globe to fractional ownership of the administration side of the business, especially in the SME market”, says Watson. “In the finance area for example, not many companies can afford a full time financial director and as such, the finance team may not be getting the best direction and management may not have easy access to the right advice. Mistakes can be costly. Sprout Consulting are able to offer SME’s the ability to totally outsource a business function (I.T., Finance, Marketing or HR) and/or have a representative at director level sit in on board meetings for our clients.”
Sprout Consulting is the only business consultancy SATIB can find which offers these comprehensive services and packages, making it a pioneer in its field.
Take the headache and risk out of running your own administration and create the time needed to produce and sell your products. Contact Kevin at kevin@sproutconsulting.co.za or 0861 728 4248 to discover whether your business can benefit.
Visit Sprout Consulting's website http://www.sproutconsulting.co.za.
Source: SATIB Insurance Brokers
Wednesday, October 17, 2012
Breaking News - SASRIA net profit cover
SASRIA (The South Africa Special Risks Insurance Association) has announced an option to include cover for Net Profit as an addition to the Business Interruption cover they currently provide.
Background
SASRIA was formed in 1979 initially in response to the need to provide cover for damage as a result of politically motivated riots which the conventional insurance industry were not willing to cover.
This cover was later extended to cater for damage caused by non–political riot, public disorder (including labour disturbances, civil unrest, strikes and lockouts), as well as terrorism. Particularly relevant currently given the degree of unrest the country is facing.
Latest Development
Whilst the Material Damage cover i.e. over buildings and contents etc. has always been available, cover for Business Interruption following damage was only introduced later and is restricted to either a) the specified Standing Charges or b) Working Expenses of the business i.e. up till now cover for Net Profit has been unavailable.
We’re pleased to advise that this cover is now available at the same rates as pertaining to Standing Charges/Working Expenses e.g. where there is a 12 month Indemnity Period the cost is R634 per R1M net profit on an annual basis, or R63.40 per R1M monthly.
This additional cover is optional and will not impact on any current arrangements. It is not available on it’s own and as for the Standing Charges/Working Expenses cover it does not afford the extensions that can be purchased for conventional (non–riot cover), however, it can be a vital element in providing true compensation in the event of an incident.
Recommendation
It would be SATIB’s strong recommendation that, where SASRIA Standing Charges/Working Expense cover is in place, the Net Profit cover be considered i.e. having decided (through your having purchased the cover) that there is a risk to the business, it would make sense to extend the cover for what was previously uninsurable – the additional cost should be fairly nominal and we would suggest, is well worth it.
Where you don’t purchase cover currently for SASRIA Business Interruption we would urge that you consider the risk most carefully – the spate of lack service delivery action, industry unrest – mining and other, truck driver strikes and the like, are resulting in alarming damages with severe financial impact (where uninsured).
Please do not hesitate to contact your SATIB Account Executive for more information/guidance in this regard or you can contact Gavin George (ggeorge@satib.co.za) or Bernadine Swinny (bswinny@satib.co.za).
Source: SATIB Insurance Brokers
Background
SASRIA was formed in 1979 initially in response to the need to provide cover for damage as a result of politically motivated riots which the conventional insurance industry were not willing to cover.
This cover was later extended to cater for damage caused by non–political riot, public disorder (including labour disturbances, civil unrest, strikes and lockouts), as well as terrorism. Particularly relevant currently given the degree of unrest the country is facing.
Latest Development
Whilst the Material Damage cover i.e. over buildings and contents etc. has always been available, cover for Business Interruption following damage was only introduced later and is restricted to either a) the specified Standing Charges or b) Working Expenses of the business i.e. up till now cover for Net Profit has been unavailable.
We’re pleased to advise that this cover is now available at the same rates as pertaining to Standing Charges/Working Expenses e.g. where there is a 12 month Indemnity Period the cost is R634 per R1M net profit on an annual basis, or R63.40 per R1M monthly.
This additional cover is optional and will not impact on any current arrangements. It is not available on it’s own and as for the Standing Charges/Working Expenses cover it does not afford the extensions that can be purchased for conventional (non–riot cover), however, it can be a vital element in providing true compensation in the event of an incident.
Recommendation
It would be SATIB’s strong recommendation that, where SASRIA Standing Charges/Working Expense cover is in place, the Net Profit cover be considered i.e. having decided (through your having purchased the cover) that there is a risk to the business, it would make sense to extend the cover for what was previously uninsurable – the additional cost should be fairly nominal and we would suggest, is well worth it.
Where you don’t purchase cover currently for SASRIA Business Interruption we would urge that you consider the risk most carefully – the spate of lack service delivery action, industry unrest – mining and other, truck driver strikes and the like, are resulting in alarming damages with severe financial impact (where uninsured).
Please do not hesitate to contact your SATIB Account Executive for more information/guidance in this regard or you can contact Gavin George (ggeorge@satib.co.za) or Bernadine Swinny (bswinny@satib.co.za).
Source: SATIB Insurance Brokers
Monday, October 15, 2012
SATIB's reach in Africa
Africa is at the beginning of an economic revolution across the full breadth and length of the continent creating investment opportunities in every sector, with a special focus on tourism infrastructure. This key developmental sector is where SATIB Insurance Brokers has earned its recognition as probably the fastest growing risk advisor in Southern Africa.
SATIB has over 22 years’ experience in dealing with the vagaries of providing insurance and risk management advice to businesses where specialist knowledge is essential. Our relationships and expertise in dealing with the individual demands of each country have positioned us as leaders in insurance throughout Africa. We are proud to have representative branches in Botswana, Namibia, Zambia and Zimbabwe, in addition to our five branches in South Africa. SATIB has also established insurance relationships covering key business areas in East, West and North Africa as well as the Indian Ocean islands. It is these structured partnerships which are facilitating the company’s growth strategy for the African side of the business.
The understanding of risk is essential for organisations operating in the tourism sector in Africa along with the assurance that the risk investment is placed professionally and strategically for absolute peace of mind.
Proven evacuation and incident management services are critical risk components as Africa develops its natural resources in remote areas and this is where we at SATIB are particularly strong with our SATIB24 Crisis Call team.
We support sustainable conservation programs through the SATIB Trust, as we believe that this incredible continent must preserve its unique wildlife, flora and fauna and oceanic heritage.
We look forward to Africa’s development and being part of your risk assessment team as investment propels this continent into the future.
Source: SATIB Insurance Brokers
SATIB has over 22 years’ experience in dealing with the vagaries of providing insurance and risk management advice to businesses where specialist knowledge is essential. Our relationships and expertise in dealing with the individual demands of each country have positioned us as leaders in insurance throughout Africa. We are proud to have representative branches in Botswana, Namibia, Zambia and Zimbabwe, in addition to our five branches in South Africa. SATIB has also established insurance relationships covering key business areas in East, West and North Africa as well as the Indian Ocean islands. It is these structured partnerships which are facilitating the company’s growth strategy for the African side of the business.
The understanding of risk is essential for organisations operating in the tourism sector in Africa along with the assurance that the risk investment is placed professionally and strategically for absolute peace of mind.
Proven evacuation and incident management services are critical risk components as Africa develops its natural resources in remote areas and this is where we at SATIB are particularly strong with our SATIB24 Crisis Call team.
We support sustainable conservation programs through the SATIB Trust, as we believe that this incredible continent must preserve its unique wildlife, flora and fauna and oceanic heritage.
We look forward to Africa’s development and being part of your risk assessment team as investment propels this continent into the future.
Source: SATIB Insurance Brokers
Thursday, August 9, 2012
Don't lose money by not knowing the new tax rules
SATIB Life & Investments would like to draw your attention to the new tax laws* which became effective 01 March 2012.
These laws will affect all employer-owned insurance policies that are provided by the employer for the benefit of their employees or their beneficiaries. These benefits, such as Disability Cover and Funeral Cover, will have to be taxed as a fringe benefit, which means it will be added onto the employee’s payslip and taxed accordingly. If not done properly the employer may be liable.
As an employer, it is important that you communicate this information to your employees and also to ensure that these benefits are taxed correctly, to reduce your company risk.
We can offer individuals a free financial assessment to determine whether they are accurately covered for Death & Disability and that you have sufficient Retirement savings in place. We are also able to review your policy documents and fund rules and assist with communication to your staff.
For more information, please contact Brett Lazarus at SATIB Insurance Brokers:
T 0861 SATIB 4U (72842 48) | C +27 (0)82 445 6666 | E blazarus@satib.co.za.
Source: SATIB Insurance Brokers
These laws will affect all employer-owned insurance policies that are provided by the employer for the benefit of their employees or their beneficiaries. These benefits, such as Disability Cover and Funeral Cover, will have to be taxed as a fringe benefit, which means it will be added onto the employee’s payslip and taxed accordingly. If not done properly the employer may be liable.
As an employer, it is important that you communicate this information to your employees and also to ensure that these benefits are taxed correctly, to reduce your company risk.
We can offer individuals a free financial assessment to determine whether they are accurately covered for Death & Disability and that you have sufficient Retirement savings in place. We are also able to review your policy documents and fund rules and assist with communication to your staff.
For more information, please contact Brett Lazarus at SATIB Insurance Brokers:
T 0861 SATIB 4U (72842 48) | C +27 (0)82 445 6666 | E blazarus@satib.co.za.
Source: SATIB Insurance Brokers
Monday, August 6, 2012
Lockton Global appoints SATIB as their Southern Africa partner brokers
Lockton Global has announced the appointment of SATIB Insurance Brokers as their partner brokers across Southern Africa. Lockton Global clients now interested in doing business in Southern Africa (excluding SA) will be entrusted to SATIB for their insurance and risk related requirements.
Lockton Global is a broker partnership that provides multinational companies risk management, insurance, and employee benefit solutions for more than 1,000 global clients.
Lockton Global partner brokers commit to deliver a high level of client service. SATIB now join the team as one of these esteemed legal partners in Lockton Global.
Lockton was founded in 1966 and are based in Kansas City. Their international head office is in London. Lockton now has more than 4 450 associates in 60 offices throughout 18 countries including USA, Europe, Latin America, Asia Pacific, Middle East and Australia. That, in combination with the Lockton Global partnership of which SATIB is now a member, Lockton serves clients around the world.
Lockton serves more than 15 000 clients worldwide. They have an extremely impressive 95% client retention. They are the largest independently owned broker in the world with $16+ billion in premium being placed and $915 million in revenues.
As a specialist insurance brokerage with more than twenty years in risk transfer experience, SATIB Insurance Brokers pride themselves in providing expert advice on a diverse range of insurance covers suiting their clients’ specific needs.
SATIB share Lockton’s ideal for specialist attention and have taken the approach in developing skilled teams dedicated to each of their six business units to ensure they retain the highest level of focus and expertise required by a particular business or client. Their six business units include Tourism & Leisure, Wildlife, Life & Investment, Commercial & Industrial, Domestic and Sport.
Most insurance brokers look to standard policies as provided by insurers to cover their clients - SATIB take a different approach. They motivate their client’s specific requirements to insurers and secure policies that are both appropriate and relevant to the client’s industry.
SATIB has become recognised throughout Africa as a symbol of quality in risk transfer programmes, with A+ rated security, prompt claims settlement and efficient, personal service. In addition to exceptional products and premier service, dependant on your risk type and territory, SATIB also provides clients with unique benefits such as the SATIB24 Crisis Call facility, risk surveys, property valuations and access to capacity building and legal assistance.
SATIB is responsible for the insurance placement of assets cover of over R20 billion and are also very proud to have retained their level 3 BBEEE status in South Africa.
We are very proud to be chosen and trusted by such an esteemed organisation such as Lockton Global,” says Gavin Courtenay, Managing Director of SATIB Insurance Brokers. They are an extremely successful company whose clients are key to them. This philosophy of client retention we at SATIB base our business on and, due to this symbiotic thinking, we look forward to a very successful and thriving partnership with Lockton Global.
The growth and development of the Lockton Global partnership is important to our clients and our business, and we are very pleased that SATIB agreed to become our Lockton Global partner across Southern Africa,” said Michael Goudime of Lockton Global. We see great connections with SATIB, we both being independent and family owned businesses with a strong client focus. In addition, Southern Africa is an area of growth for our clients especially in the energy, mining, hospitality and leisure sectors.
For Editors:
More than 4,450 professionals at Lockton provide more than 15,000 clients around the world with insurance, benefits, and risk management services that improve business performance. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held insurance broker in the world and 9th largest overall. To see the latest insights from Lockton’s experts, check Lockton Market Update. The Lockton Global partnership serves multinational clients around the world.
Media Contact:
Dean Davison: +1 816 960 9309
Lockton: +1 816 810 0982
ddavison@lockton.com
SATIB Insurance Brokers Contact:
Gavin Courtenay +27 31 564 4200
info@satib.co.za
Source: SATIB Insurance Brokers
Lockton Global is a broker partnership that provides multinational companies risk management, insurance, and employee benefit solutions for more than 1,000 global clients.
Lockton Global partner brokers commit to deliver a high level of client service. SATIB now join the team as one of these esteemed legal partners in Lockton Global.
Lockton was founded in 1966 and are based in Kansas City. Their international head office is in London. Lockton now has more than 4 450 associates in 60 offices throughout 18 countries including USA, Europe, Latin America, Asia Pacific, Middle East and Australia. That, in combination with the Lockton Global partnership of which SATIB is now a member, Lockton serves clients around the world.
Lockton serves more than 15 000 clients worldwide. They have an extremely impressive 95% client retention. They are the largest independently owned broker in the world with $16+ billion in premium being placed and $915 million in revenues.
As a specialist insurance brokerage with more than twenty years in risk transfer experience, SATIB Insurance Brokers pride themselves in providing expert advice on a diverse range of insurance covers suiting their clients’ specific needs.
SATIB share Lockton’s ideal for specialist attention and have taken the approach in developing skilled teams dedicated to each of their six business units to ensure they retain the highest level of focus and expertise required by a particular business or client. Their six business units include Tourism & Leisure, Wildlife, Life & Investment, Commercial & Industrial, Domestic and Sport.
Most insurance brokers look to standard policies as provided by insurers to cover their clients - SATIB take a different approach. They motivate their client’s specific requirements to insurers and secure policies that are both appropriate and relevant to the client’s industry.
SATIB has become recognised throughout Africa as a symbol of quality in risk transfer programmes, with A+ rated security, prompt claims settlement and efficient, personal service. In addition to exceptional products and premier service, dependant on your risk type and territory, SATIB also provides clients with unique benefits such as the SATIB24 Crisis Call facility, risk surveys, property valuations and access to capacity building and legal assistance.
SATIB is responsible for the insurance placement of assets cover of over R20 billion and are also very proud to have retained their level 3 BBEEE status in South Africa.
We are very proud to be chosen and trusted by such an esteemed organisation such as Lockton Global,” says Gavin Courtenay, Managing Director of SATIB Insurance Brokers. They are an extremely successful company whose clients are key to them. This philosophy of client retention we at SATIB base our business on and, due to this symbiotic thinking, we look forward to a very successful and thriving partnership with Lockton Global.
The growth and development of the Lockton Global partnership is important to our clients and our business, and we are very pleased that SATIB agreed to become our Lockton Global partner across Southern Africa,” said Michael Goudime of Lockton Global. We see great connections with SATIB, we both being independent and family owned businesses with a strong client focus. In addition, Southern Africa is an area of growth for our clients especially in the energy, mining, hospitality and leisure sectors.
For Editors:
More than 4,450 professionals at Lockton provide more than 15,000 clients around the world with insurance, benefits, and risk management services that improve business performance. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held insurance broker in the world and 9th largest overall. To see the latest insights from Lockton’s experts, check Lockton Market Update. The Lockton Global partnership serves multinational clients around the world.
Media Contact:
Dean Davison: +1 816 960 9309
Lockton: +1 816 810 0982
ddavison@lockton.com
SATIB Insurance Brokers Contact:
Gavin Courtenay +27 31 564 4200
info@satib.co.za
Source: SATIB Insurance Brokers
Thursday, August 2, 2012
Survey I.R.O EC Directive on Travel Trade Act - Safety Audit
If you work with overseas tour brokers or travel booking agents, specifically those based in European Community countries, you are most likely required to complete and submit an annual Health and Safety Audit or questionnaire to ensure that your company complies with the EC Directive on Package Travel and Holiday Tours Act (90/314/EEC). We are seeing many requests for such compliance issues by international booking agents.
As the custodian of your insurance records, SATIB also provide the SATIB24 Crisis Call facility as a value-added service, which is why we are frequently asked to assist clients in completing or providing substantiation to support these annual audits.
However, the onus still lies with our clients to tick the boxes that are unrelated to insurance and to submit the audit report. This process takes time, which could be better utilized in running your businesses.
For SATIB to provide a truly unique service in this regard, it would be necessary for us to do a physical inspection of our clients property, to make recommendations on any areas that need to be addressed and then most importantly, to get buy-in and approval from the European based agents as to the credibility of SATIB's safety audit and its compliance with the EC Directive.
Should you believe that such a service would be beneficial to your company, please reply to this email.
At this stage we want to gauge the response from our clients to establish that health and safety issue are important and are in fact becoming an issue that needs to be addressed in the interests of international agreements.
Source: SATIB Insurance Brokers
As the custodian of your insurance records, SATIB also provide the SATIB24 Crisis Call facility as a value-added service, which is why we are frequently asked to assist clients in completing or providing substantiation to support these annual audits.
However, the onus still lies with our clients to tick the boxes that are unrelated to insurance and to submit the audit report. This process takes time, which could be better utilized in running your businesses.
For SATIB to provide a truly unique service in this regard, it would be necessary for us to do a physical inspection of our clients property, to make recommendations on any areas that need to be addressed and then most importantly, to get buy-in and approval from the European based agents as to the credibility of SATIB's safety audit and its compliance with the EC Directive.
Should you believe that such a service would be beneficial to your company, please reply to this email.
At this stage we want to gauge the response from our clients to establish that health and safety issue are important and are in fact becoming an issue that needs to be addressed in the interests of international agreements.
Source: SATIB Insurance Brokers
Monday, July 30, 2012
Terra Nova product offerings launch to the insurance industry
The Launch Of Terra Nova’s services to the Insurance industry was held at Liliesleaf on the evening of the 24th July with a good turnout of a number of the top insurers. The location of Lilieselaf was very well received as it is such a significant heritage site, all attendees were blown away by the facility and their first exposure to it. Greg Seymour Managing Director of Terra Nova said “I was encouraged by the interest of the insures present both the initial interest in the heritage site and then in the services we presented to the industry, we were very encouraged with the response we received from all insurers and we look forward to adding value to the industry
Gavin Courtenay of SATIB also commented of the turn out and response of the insurers present and added that through recent use of Terra Nova’s services, “I can highly recommend their expertise and the quality and level of the survey reports that are produced adding real value to both the insured and the insurer.
Terra Nova Conservation services is a multifaceted company with a unique skill set and experience base, as such they believe through their service offering they are able to offer a full suite of risk management services to the insurance industry as well as specialist input where required. They have gained valuable experience through developing Game Reserves both on the wildlife & building infrastructure side as well as having involvement in tourism & hospitality and the tourism development industries. This experience has created insight into all facets of wildlife, property, land, game reserve, hospitality management and tourism development. Their team possesses the relevant scientific qualifications coupled with extensive experience in the Environmental, Ecological and Hospitality & Tourism Development fields.
They have been providing risk management services to the insurance industry through undertaking various risk assessments in the tourism and wildlife industries as well as commercial property.
Terra Nova has teams in place to undertake work throughout South Africa and have the ability to service projects throughout Africa and beyond.
Contact Details:
PO Box 463, Douglasdale 2165
Phone: +27 (0) 11 027 9633
Mobile: +27 (0) 82 330 9852
Fax: 086 064 57374
Email: info@tncs.co.za
Web: www.tncs.co.za
Source: SATIB Insurance Brokers
Gavin Courtenay of SATIB also commented of the turn out and response of the insurers present and added that through recent use of Terra Nova’s services, “I can highly recommend their expertise and the quality and level of the survey reports that are produced adding real value to both the insured and the insurer.
Terra Nova Conservation services is a multifaceted company with a unique skill set and experience base, as such they believe through their service offering they are able to offer a full suite of risk management services to the insurance industry as well as specialist input where required. They have gained valuable experience through developing Game Reserves both on the wildlife & building infrastructure side as well as having involvement in tourism & hospitality and the tourism development industries. This experience has created insight into all facets of wildlife, property, land, game reserve, hospitality management and tourism development. Their team possesses the relevant scientific qualifications coupled with extensive experience in the Environmental, Ecological and Hospitality & Tourism Development fields.
They have been providing risk management services to the insurance industry through undertaking various risk assessments in the tourism and wildlife industries as well as commercial property.
Terra Nova has teams in place to undertake work throughout South Africa and have the ability to service projects throughout Africa and beyond.
Contact Details:
PO Box 463, Douglasdale 2165
Phone: +27 (0) 11 027 9633
Mobile: +27 (0) 82 330 9852
Fax: 086 064 57374
Email: info@tncs.co.za
Web: www.tncs.co.za
Source: SATIB Insurance Brokers
Monday, June 25, 2012
Canvas and Tent affiliation with SATIB
SATIB are proud to announce their new business partnership with Canvas and Tent and would like to welcome them to our valued clients.
Canvas and Tent is a world leader in the manufacture of canvas-related products. Established over three decades ago, Canvas and Tent has a wide range of clients including the military, humanitarian organizations, game reserves, safari destinations and adventurers.
Located in Ladysmith at the foothills of South Africa's Drakensberg Mountains, their factory provides many job opportunities for the local population.
Through their efforts to meet and exceed tolerance levels prescribed for military applications they have set new standards in the quality of world-class canvas tent manufacturing. Their laboratory continues to research innovative and improved methods for curing, treating, laminating and strengthening canvas, enabling them to improve existing products and introduce new ones with regularity, always adding value.
Canvas and Tent are a preferred supplier to the United Nations and global NGO's, and are registered with many of their divisions including WHO, UNICEF and UNDP.
They have participated in disaster relief supplies in South Africa, Turkey, Kosovo, DRC, Congo, Angola, Mozambique, Zambia, Zimbabwe, Swaziland, Botswana and Namibia.
Whether it's a custom designed tented safari camp in the heart of the African bush, a mess tent designed for military use in the desert or a fold-up bush shower, or any other canvas, nylon or PVC product, discerning users the world over prefer the Canvas and Tent brand every time!
SATIB have introduced their insurers to Canvas and Tent and look forward to developing a clearer understanding of the material, its use and most importantly its hardiness when subjected to our environment.
For more information, please contact:
André du Toit of SATIB Insurance Brokers, T 0861 SATIB 4U (72842 48) | E adutoit@satib.co.za; or
Sharon O'Mant of Canvas and Tent, T +27 12 671 1101 E sharon@canvasandtent.co.za.
Source: SATIB Insurance Brokers
Canvas and Tent is a world leader in the manufacture of canvas-related products. Established over three decades ago, Canvas and Tent has a wide range of clients including the military, humanitarian organizations, game reserves, safari destinations and adventurers.
Located in Ladysmith at the foothills of South Africa's Drakensberg Mountains, their factory provides many job opportunities for the local population.
Through their efforts to meet and exceed tolerance levels prescribed for military applications they have set new standards in the quality of world-class canvas tent manufacturing. Their laboratory continues to research innovative and improved methods for curing, treating, laminating and strengthening canvas, enabling them to improve existing products and introduce new ones with regularity, always adding value.
Canvas and Tent are a preferred supplier to the United Nations and global NGO's, and are registered with many of their divisions including WHO, UNICEF and UNDP.
They have participated in disaster relief supplies in South Africa, Turkey, Kosovo, DRC, Congo, Angola, Mozambique, Zambia, Zimbabwe, Swaziland, Botswana and Namibia.
Whether it's a custom designed tented safari camp in the heart of the African bush, a mess tent designed for military use in the desert or a fold-up bush shower, or any other canvas, nylon or PVC product, discerning users the world over prefer the Canvas and Tent brand every time!
SATIB have introduced their insurers to Canvas and Tent and look forward to developing a clearer understanding of the material, its use and most importantly its hardiness when subjected to our environment.
For more information, please contact:
André du Toit of SATIB Insurance Brokers, T 0861 SATIB 4U (72842 48) | E adutoit@satib.co.za; or
Sharon O'Mant of Canvas and Tent, T +27 12 671 1101 E sharon@canvasandtent.co.za.
Source: SATIB Insurance Brokers
Monday, June 18, 2012
Good News on Retirement Planning (RA)...For a Change!
To those of you worried about your retirement and thinking that you might fall short, there is FINALLY some good news.
There are NO longer penalties for exiting your Retirement Annuity ("RA") early!
This benefit applies to all new policies taken out under the new rulings.
In the past you would have been charged a percentage of your fund value should you have made changes to your RA but now, if you make sure your contract is paid up, (i.e. discontinue your recurring contributions or reduce your recurring contribution) there are NO exit fees. You will only incur a flat fee of R200 to make any alterations to your policy.
The advantages of having a new RA are:
Please contact Brett Lazarus TODAY on: T 0861 SATIB 4U (72842 48) | C +27 (0)82 445 6666 | E blazarus@satib.co.za.
Source: SATIB Insurance Brokers
There are NO longer penalties for exiting your Retirement Annuity ("RA") early!
This benefit applies to all new policies taken out under the new rulings.
In the past you would have been charged a percentage of your fund value should you have made changes to your RA but now, if you make sure your contract is paid up, (i.e. discontinue your recurring contributions or reduce your recurring contribution) there are NO exit fees. You will only incur a flat fee of R200 to make any alterations to your policy.
The advantages of having a new RA are:
- No penalties on exiting or reducing your contributions;
- No tax on the amounts invested in the fund until retirement thereby allowing a greater amount to grow in your name;
- Tax reductions from SARS on your current earnings as RA’s are tax deductible (subject to SARS usual conditions);
- No Estate duty on your death on any RA’s paid into your estate. (usually 20%);
- No exposure to creditors (RA funds cannot be attached).
Please contact Brett Lazarus TODAY on: T 0861 SATIB 4U (72842 48) | C +27 (0)82 445 6666 | E blazarus@satib.co.za.
Source: SATIB Insurance Brokers
Friday, May 25, 2012
Strategic Alliance with Terra Nova
Terra Nova Conservation Services has evolved through the development of a number of game reserves within South Africa over the past 20 years and offers a complete range of conservation and risk related services to the tourism and insurance industry.
Their objective is to create a better understanding and improved management of any asset (reserve, wildlife and infrastructure) which in turn reduces exposure to risk at all levels.
SATIB Insurance Brokers have strategically aligned with Terra Nova in order to provide our clients access to these exceptional services.
Terra Nova’s underlying philosophy is one of responsible and ecologically sensitive development, supporting the local environment and conserving and maintaining natural resources. Their affiliation with the Wilderness Foundation is testament to this philosophy, experience and track record within the industry.
Services include:
Their objective is to create a better understanding and improved management of any asset (reserve, wildlife and infrastructure) which in turn reduces exposure to risk at all levels.
SATIB Insurance Brokers have strategically aligned with Terra Nova in order to provide our clients access to these exceptional services.
Terra Nova’s underlying philosophy is one of responsible and ecologically sensitive development, supporting the local environment and conserving and maintaining natural resources. Their affiliation with the Wilderness Foundation is testament to this philosophy, experience and track record within the industry.
Services include:
- Wildlife & Environmental Consulting
- Wildlife Development Plans
- Wildlife Business Plans
- Wildlife Management Plans
- Ecological Assessments
- GIS Mapping
- Environmental Impact Assessments
- Environmental Management
- Environmental Auditing
- Wildlife Land Acquisition & Development
- Game Reserve Development
- Eco-Tourism Development
- Reserve Management
- Reserve Security
- Wildlife Veterinary
- Game Capture & Translocations
Their preferred approach is to work closely with our clients through all phases of a project to ensure that the initial objectives are met and at the end of each phase there is a tangible result that can be taken forward.
Terra Nova have successfully completed many environmental studies as well natural resource and development management projects all over Africa, the Indian Ocean Islands and the Middle East.
In order to access these services please contact SATIB Operations:
Andre du Toit
E : adutoit@satib.co.za
C : 082 44 61697
Terra Nova have successfully completed many environmental studies as well natural resource and development management projects all over Africa, the Indian Ocean Islands and the Middle East.
In order to access these services please contact SATIB Operations:
Andre du Toit
E : adutoit@satib.co.za
C : 082 44 61697
Source: SATIB Insurance Brokers
Monday, January 23, 2012
Unauthorised use of Insured Motor Vehicle/s
Lately we have experienced claims coming in whereby staff have driven client’s company vehicles without permission only to damage or worse still, write off the vehicle whilst under the influence or without possession of a license.
In terms of your policy, in order for cover to prevail to you must prove to the insurer that in the normal course of their business that they have procedures in place to ensure only licensed drivers are permitted to drive the insured vehicles. If you do not have procedures in place then there is no cover in terms of the motor policy.
We need to reiterate the huge importance in avoiding this situation. The Insured needs to make sure that unlicensed staff members are not able to gain access to these vehicles for this very reason. Insurers will not pay out claims resulting in incidents like this.
Some suggested procedures could be:
In terms of your policy, in order for cover to prevail to you must prove to the insurer that in the normal course of their business that they have procedures in place to ensure only licensed drivers are permitted to drive the insured vehicles. If you do not have procedures in place then there is no cover in terms of the motor policy.
We need to reiterate the huge importance in avoiding this situation. The Insured needs to make sure that unlicensed staff members are not able to gain access to these vehicles for this very reason. Insurers will not pay out claims resulting in incidents like this.
Some suggested procedures could be:
- Keep keys in a central place - the person needing to drive signs the key out and keys are locked away at night
- Key individual/s (KI) are allowed to keep keys and anyone wanting to drive has to request key from KI
- Keep copies of the driver license of all authorized drivers (this should be standard practice already and used in addition to point 1 and 2)
We hope these simple and easy to implement suggestions are of use to you and your operation.
Source: SATIB Insurance Brokers
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