Discovery Insure Six-Month Growth ‘In Line’, Business Day Says
Stock Chart for Discovery Ltd (DSY)
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 firstname.lastname@example.org
To contact the editor responsible for this story: Gavin Serkin at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.