About us

About Sacos Insurance Group

Who We Are

Sacos is the leading insurance service provider in Seychelles. It offers an expansive range of services including, general insurance products, life assurance products and property management services. The latter manages a portfolio which currently consists of three commercial buildings and three estates of residential apartments.

In August 2013, Sacos Insurance Group proudly became the first company to be listed on the Trop-X, the Seychelles Securities Exchange since Trop-X opened in November 2012. Since its original listing the Sacos Share price has experienced rapid growth from its original price of SCR35 to SCR150.

Our History

Sacos was originally incorporated in Seychelles in August 1980 as the State Assurance Corporation of Seychelles. At that time it was the sole insurance provider in Seychelles. On 1 October 2011, it was privatised and was subsequently renamed Sacos Group Limited in November 2011. In 2017, following its rebranding, the company began trading as Sacos Insurance Group.

Our Company Structure

There are currently four separate entities constituting the Sacos Group namely, Sacos Group Ltd (trading as Sacos Insurance Group), Sacos Insurance Company Ltd, Sacos Life Assurance Company Ltd and Sun Investment Seychelles Limited.

Sacos is managed by a Board of Directors comprising seasoned professionals with experience in the fields of insurance, financial services, human resources management and law. They are the major decision-makers which provides strategic direction to the management team, headed by the Chief Executive Officer.

Our Vision

  • To be the insurer of choice in the Seychelles
  • To optimise return on investments
  • To be a prominent and relevant participant in the community
  • To increase shareholder value

Investor Relations

Sacos shares are traded on the Trop-X Stock Exchange of Seychelles. To deal in our shares contact our Stock Broker.

Stock Broker

Constant Capital (Seychelles) Limited
(Registration number 84103 06-1)
F28-29  First Floor  Eden Plaza
Eden Island  Mahé  Seychelles

Alternatively investors who still hold dematerialized shares may contact us directly at:

Sacos Investor Relations

Sacos Insurance Group
(Incorporated in the Republic of Seychelles)
(Registration number 820521-1)
(Share code: “SAC” ISIN: SC1311001004)
(“Sacos” or “the Company”)

Sacos Financial Information

Corporate Information and Advisor

Company Secretary Valsen Fiduciaries (Seychelles) Limited
Registered office Sacos Tower Palm Street Victoria Mahé Seychelles
Postal address P O Box 636 Victoria Mahé Seychelles

Change in Company Secretary

Delayed 2016 audited financial statements

Profit warning announcement

Audited financial statements further delayed

Appointment of Bernard Adonis as non-executive director

Suspension of trading in Sacos shares

Our Board of Directors

Our Board of Directors comprises the following members:

Lekha Nair – Chairperson
John Esther – Chief Executive Officer
Bernard Adonis
Ina Barbé
Patrice Bastide
Jean Claude D’Offay
Mark Inch
Louis Rivalland
Marko Sinovich
Rod Thorrington

Our Management Team

The Senior Management team consists of the following members:

John Esther Chief Executive Officer
Georgette Capricieuse Deputy CEO
Marko Sinovich Chief Finance Officer
Joyvani Chetty Chief Information Officer
Flona Vidot General Manager General Insurance
Percy Quatre General Manager Life Assurance
Jane Joubert General Manager Properties Management
Jean Raguin General Manager Human Resources
Nicolas Woodcock Chief Internal Auditor
Margaret Zarine Head of Marketing and Customer Relations

Our Agents

Our Reinsurance Partners

The General Insurance business uses the services of AON Benfield reinsurance brokers and a selected panel of internationally acclaimed reinsurers, the combined S&P rating of which is A. This ensures that our already strong Balance Sheet is backed up by first class security.

Reinsurance Panel

Swiss Re AA-
SCOR AA-
Africa Re A-
ARIG A-
IGI A-
Labuan Re A-
Trust Re A

Reinsurance Broker

Aon Benfield Africa (Pty) Ltd
3rd Floor  The Place  1 Sandton Drive
Sandton 2196  South Africa

Our Partners

Actuary
QED Actuaries & Consultants

Auditor
Ernst & Young

Bankers
Bank of Baroda
Barclays Bank (Seychelles) Ltd
Habib Bank
Nouvobanq
Seychelles Commercial Bank
Mauritius Commercial Bank (Seychelles) Ltd

Legal Advisors
D S Lucas Chambers
Attorney-at-Law & Notary Public
Victoria House  Victoria  Mahé  Seychelles
K B Shah Chambers
Attorney-at-Law & Notary Public
House of Ansuya  Victoria  Mahé  Seychelles

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