SOUTH Africa's state-owned insurance company Sasria is in talks with the National Treasury for a larger bailout than the 3.9 billion rand ($272 million) already promised, its managing director has told a parliamentary committee. Sasria, the only insurer covering political violence in Africa's most advanced economy, has suffered a sudden deterioration in its financial position after some of the worst violence in the post-apartheid era erupted in July soon after the arrest of former president Jacob Zuma. More than 300 people died and around 3,000 shops were looted in the immediate aftermath of Zuma's arrest, with anger over entrenched poverty…