Exxaro Insurance Company Limited, Centurion

Exxaro Insure is a captive insurance company, Exxaro Insurance Company Limited, owned by the resource company Exxaro to manage its short-term insurance arrangements. It is registered in South Africa under the Insurance Act, 2017, to handle the risks of the parent company.
Function: Exxaro Insurance Company Limited manages short-term insurance for Exxaro Resources.
Purpose: The company's establishment is a risk management strategy, particularly relevant as it can be challenging for companies with a large carbon footprint to get insurance cover.
Registration: It is a licensed, non-life insurer under South African law.
Oversight: Its activities are overseen by the Exxaro Audit Committee and subject to regulatory compliance and auditing.