Chief Executive Officer (CEO) of Echelon, Darrel Dawson announced that as of 1 March 2021, Echelon will become a division of Santam. He said Echelon will change from operating as a 100% held subsidiary company of Santam to operating as a division of Santam, while retaining the Echelon brand.
Dawson said the decision to divisionalise Echelon is based on additional cost-saving synergies being achieved as well as streamlining certain compliance and statutory requirements that apply to independent underwriting managers. The move will also contribute further to their objective of consistent and seamless private client and intermediary experience across all touch-points within the Santam group.
Central to Echelon’s success over the past 10 years has been their ability to provide a one-stop tailored personal asset risk solution to meet the ever-changing insurance needs of professionals, business owners and executives.
Dawson added that he trust their value proposition to clients and intermediaries will continue to be evident in the people and leadership team that continue to drive the Echelon business forward.
“The change will not affect the day-to-day running of the business, it will be business as usual. The collective management team and I remain committed to providing you with the very best service and solutions and maintain our position as the leading private client insurer in South Africa,” he said.