Transit Underwriting Managers

www.tum.co.za

 

Line of Business
Marine and Goods in Transit Insurance

Year of Investment by Lireas: 2005

Managing Director
Sjanine Tanner / sjanine@envirosure.co.za

+27 86 111 3597 / 11th Floor, 2 Long Street, Cape Town

Transit Underwriting Managers was established in 2005 as an alternative market for the growing Goods in Transit insurance market.

Since inception, Transit has exclusively focused on Goods in Transit business but with effect from November 2012, Transit partnered with their sister company and fellow Lireas subsidiary, Cargo Transit Insurance Underwriting Managers Pty Ltd (“CTI”) in a move that saw the existing Marine offering under CTI being made available through Transit Underwriting Managers.

This merger provided an opportunity for Transit and CTI’s clients to benefit from a more comprehensive and wider Transit and Marine product offering and capacity under one roof. It also enabled the two companies to leverage from the synergies and advantages that a combined entity brought.

Transit is headquartered in Cape Town and has offices in Johannesburg and Durban.

Transit underwrites their products on behalf of Compass Insurance Company.

INTERESTING FACTS

They are the “go to” providers of insurance cover for goods being transported by road, rail , air and sea from and to South Africa from most parts of the world.