Santam completed the investment in Avatar MGA.

Santam, a general insurer providing short-term insurance products, completed the investment in Avatar MGA, a managing general agent operating in the US insurance market. Financial terms were not disclosed. “We are very excited about our partnership with the Avatar team and the geographical and business diversification that their business will bring to the Santam Group. This strategic investment, together with our new Lloyd’s-based Santam Syndicate 1918, is an important lever in achieving our 2030 FutureFit strategic goals, of which international growth and diversification are key," Gareth Beaver, Santam Specialist Solutions CEO.