As 2026 approaches, one trend is already shaping up: South African policyholders and brokers are expected to access Lloyd’s specialist insurance faster and with fewer regulatory hurdles, while the market gains additional capacity for high-value and niche risks that local insurers have struggled to cover.
This shift is driven in part by the Financial Sector Conduct Authority’s INS Notice 3 of 2025, published on 25 April. The Notice granted an exemption to Lloyd’s open market correspondents (OMCs), allowing them to operate in South Africa without prior FSCA approval under section 8(2)(d) of the Short-term Insurance Act.
The exemption “has reshaped the landscape for high-capacity and…
Crisis Reporting: South African media has been recognized for its coverage of
crises, including natural disasters and public health emergencies.
roadspike
Interview with a pirate:
There was a pirate who had agreed to do an interview with a local tv station. The reporter was very courteous and professional, giving a bit of background as to the pirate\’s business. She then began interviewing him.
\”So Mr. Longbeard, are there any risks to your business? I see you have a peg leg- how did that come about?\”
\”Well, y\’see I were sailing along the coast of South Africa, looking to plunder some locals when as I boarded the small boat from the ship, a great white shark came up and got my leg clean off. \’twas scary yes, but thus is the life of a pirate.\”
\”Wow, that is pretty scary- well, how about your hook? What happened to your hand with that?\”
\”Oh now that\’s quite the tale, y\’see I were fighting a rival pirate, and we had locked swords. We had been fighting for a few hours, and were both terribly fatigued. I had a bit of exhaustion and confusion, and when I went to block one of his sword blows, I met him with me hand instead of me sword. Took it right off, but it shocked him so much I managed to get him back pretty good and have him submit. So the hook hand was given as a replacement.\”
\”Wow. Simply fascinating. Now, what about your eye patch? How did that happen?\”
\”Well, one day, a seagull was flying overhead, and I looked up. It pooped right in me eye.\”
\”… Well wow. I must admit, I wouldn\’t think just seagull poop could damage the eye that badly.\”
\”Oh, I forgot to mention… it were me first day with the hook.\”
pp dubs
Fun South African Fact: South Africa has one of the world’s most luxurious trains.