Sanlam makes key appointments

The insurer poaches MMI executive.

Sanlam, which South Africa’s biggest insurer by market capitalisation (R174 billion) has hired the CEO of MMI’s Momentum Corporate division, Thinus Alsworth-Elvey, as CEO of its special projects division.

Sanlam’s announcement follow a statement issued by MMI on Wednesday morning saying Alsworth-Elvey had resigned with effect March 31 and that it is in the process of appointing his replacement.

Another appointment in the announcement was the HR officer of its investment group division Jeanett Modise, who has been promoted to HR executive of the overall group.

“These appointments will bring increased diversity to the group and they affirm that our commitment to transformation is both at a business and executive level,” Sanlam CEO Ian Kirk (pictured) said in the statement.

“We are also continuing to grow and attract top talent that is required for us to execute our strategy and meet the demands of the market opportunities and new initiatives for which we are gearing up.”