Stalker Hutchinson Admiral (SHA) Risk Specialists, in a continued effort to consolidate and intensify its focus into Africa, has announced the appointment of Wayne Griffiths in the newly created position of SHA’s Executive Head: Africa. In this new role, Griffiths will be overseeing single projects in Africa, construction and renewal of SHA’s existing policies in Africa. He will also be driving new business across Africa.
Gareth Beaver, Chief Executive Officer (CEO) at SHA says that expanding its business into the rest of Africa is a major focus for the company within the coming years. “Economic development and construction in Africa is gaining pace, and there is a very real need for world-class liability cover in these regions. Given Wayne’s expertise in the international domain, he is the ideal candidate to enable SHA to further grow its presence in Africa.”
Griffiths joins SHA from P&O Insurance in Kuala Lumpur Malaysia (which is 49% owned by Sanlam Pan Africa), where he held the position of Manager of New Business Development. Prior to that he was with SHA for over a decade, having worked his way up to Head of Liability.
Expanding on his experience, Griffiths says that he spent three years developing new business for Sanlam in Malaysia. “As part of the Sanlam group strategy we expanded into a number of markets, mainly in Africa, but also with presence in India and Malaysia. I was asked to go to Malaysia to look for niche business opportunities and diversify the existing Malaysian book, which was predominantly motor based. During the three years that I was there, we were able to establish a casualty treaty, expand the Malaysian Bar scheme (which is the biggest scheme in the Malaysian markets) and helped to develop portfolios for Medical Malpractice, Cyber, and Film and Event covers using international reinsurers.”
Relating to his new role, Griffiths explains that the Sanlam Group has laid significant groundwork for financial services in Africa already, which has created significant opportunities for insurance on the continent. “The company’s expansion strategy over the past decade means that SHA’s parent company, Santam, now has access to 26 countries through 65 subsidiaries on the Africa continent. SHA has already been following its clients into Africa for a number of years, and we already have a well-developed African portfolio.” He adds that the focus will now be to expand this portfolio, to create new growth and new opportunities.
“We are immensely pleased to welcome Wayne back into the fold in his new role he is as a valuable member of our executive team, and we look forward to unlocking new opportunities on the African continent,” concludes Beaver.