Discovery Insure Six-Month Growth ‘In Line’, Business Day Says

Discovery Insure, the property and casualty insurance unit of Discovery Holdings Ltd. (DSY), sold almost 8,000 policies in the six months since it started, Business Day said, citing chief executive officer Anton Ossip.

The Johannesburg-based company will probably sell 20,000 policies in its first year of operation through May 2012, the Johannesburg-based newspaper said.

Rivals Santam Ltd. (SNT), South Africa’s largest property and casualty insurer, and Outsurance Insurance Co. Ltd., haven’t lost market share to Discovery, Business Day said, citing the chief executive officers of the two companies.

To contact the reporter on this story: Stephen Gunnion in Johannesburg at

To contact the editor responsible for this story: Gavin Serkin at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.