South African Insurance Tycoon and Property Developer Douw Steyn Dies at 72
- Steyn founded Auto & General as well as BGL Group in the UK
- Ex-President Nelson Mandela broke ground at Steyn City in 2007
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Douw Steyn, a South African insurance tycoon and luxury property-estate developer, died at 72.
The founder of local insurer Auto & General and the UK’s BGL Group also set up Steyn City, a private residential estate on Johannesburg’s northern outskirts that’s four times the size of Monaco.