Company Overview of The Hollard Insurance Company Limited
The Hollard Insurance Company Limited provides personal and business insurance solutions in South Africa. The company offers personal insurance, including funeral and life, car and household, hospital cash back, and legal plans; corporate property, specialist liabilities, general liabilities, risk finance, accident and health, trade and construction guarantees, construction and engineering, marine, and film guarantors insurance for corporate markets; commercial insurance, including trucking, hospitality and tourism, and agriculture insurance; risk management services; business travel and tax risk insurance, as well as insurance for arts, antiques, and collectables; and employee benefits solu...
22 Oxford Road
Founded in 1980
Key Executives for The Hollard Insurance Company Limited
Chief Financial Officer and Director
Company Secretary and Director
Compensation as of Fiscal Year 2015.
The Hollard Insurance Company Limited Key Developments
Imperial To Sell Interests In Regent To Hollard
May 27 15
Imperial Holdings Limited (JSE:IPL) and The Hollard Insurance Company Limited published a cautionary announcement stating that the two companies have begun negotiations. According to the notice, published on May 27, 2015, Hollard will look to acquire interest in Imperial subsidiary, Regent Insurance Company Ltd. and Regent Life Assurance Company Limited. “The Regent business consists of long and short term licenses in South Africa, Botswana and Lesotho. It covers both motor-related insurance as well as a number of non-motor areas. While the business of Regent has grown strongly since its establishment, a large fast growing portion of Regent’s revenue and profits are unrelated to the group’s core vehicle and logistics businesses and enjoy no strategic, competitive or financial advantage from Imperial’s ownership,” Imperial stated in its announcement. “The growth prospects and value of these unrelated businesses will be better advanced by owners with established capability and scale in financial services and insurance. Therefore, and consistent with its espoused strategy to invest in its core capabilities, Imperial has decided to dispose of the business and insurance licenses of Regent, in a transaction structured to allow the group continued access to the income flows generated by the distribution of vehicle related insurance and value added products, through Imperial’s extensive dealership network,” Imperial continued. Spokesperson for Hollard, Warwick Bloom, tells RISKSA that Hollard will shortly begin a due diligence process in terms of the agreement, with a view to formulating an offer for the businesses. Imperial has stated that the proceeds from the proposed transaction will be invested in due course in the expansion of the group’s core businesses while initially reducing short term debt. The exclusivity period for the negotiations is three months.
Hollard Insurance Company Reportedly Mulls Listing Greenstone Operations
Jan 17 15
The Hollard Insurance Company Limited is known to be looking at listing its Australian business Greenstone. It seeks to float its Greenstone operations, separate to Hollard's Australian general insurance arm, to capitalize on expansion opportunities in the industry. Other opportunities as an alternative to a float were also being considered, sources said.
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