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Africa-GIT – bringing market leading international goods in transit capacity to Africa

Africa-GIT is the trading division of SACB, bringing together Industry professionals with over 50 years GIT (Goods in Transit) experience in Africa, marrying our local knowledge across the continent with leading global insurance capacity (including Lloyd’s of London).

We provide high value GIT coverage, leading terms at cost effective premiums, underwritten locally by our domestic insurance partners across the continent but 100% reinsured internationally.

Many companies when transporting their goods from Point A to Point B frequently make the mistake of believing that their goods are insured by their chosen transporter.

More often than not this is not the case. Transporters will normally cover their own needs and even when they say they have goods covered it is usually insufficient to cover any likely losses. If goods are lost in a hijack, traffic accident, fire, flood or any other disaster without a dedicated GIT policy these goods may not be properly or fully insured. This is where we come in. Our capacities appetite is: • Large load limit business • High AVCs (over $150K / R25m) – i.e. Risks we can survey at UW’er expense • Average 3-year loss ratios less than 50% • Minerals & Petrochemicals (including Cobalt, Copper, Petrol, etc) • High value Machinery (normally mining related) • Cross Border Risks • Risks that are based in other African countries • We can also look at Coal and Perishable goods

Limits offered

any one conveyance or equivalent in any other currency


USD 1,000,000
ZAR 7,500,000

Excess

General Claims Excess / Deductible - or each and every claim or equivalent in any other currency:

USD 630
ZAR 10,000

Excess for Theft

In respect of Theft/Hijacking/Armed Robbery

USD 1,500
ZAR 25,000

Why choose Seven Corporare
12 years of experience
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Best industry experts
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Fast & effective sollutions
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Flexible pricing
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Modern approach
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Great client support
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Meet our specialists

Giles Russell
Giles Russell

Co-Founder & Head of Risk Management, Assessment & Claims

A word from company owner

We are proud to work with these companies

Abimar Brokers logo
Reinsurance logo
Giles Russell & Associates logo
Insist Risk Managers Logo