Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 05, 2015 6:50 AM ET

Insurance

Company Overview of The Hollard Insurance Company Limited

Company Overview

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

Parktown

Johannesburg,  2041

South Africa

Founded in 1980

Phone:

27 11 351 5000

Fax:

27 11 351 5001

Key Executives for The Hollard Insurance Company Limited

Chief Executive Officer
Chief Financial Officer and Director
Company Secretary and Director
Age: 41
Executive Officer
Age: 55
General Manager
Compensation as of Fiscal Year 2015.

The Hollard Insurance Company Limited Key Developments

Imperial To Sell Interests In Regent To Hollard

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

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.

Similar Private Companies By Industry

Company Name Region
Dekfa Sure Middle East/Africa
MMI Group Limited Middle East/Africa
Channel Life Holdings (Pty) Ltd. Middle East/Africa
Constantia Insurance Company Limited Middle East/Africa
GIB Group Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 29, 2015
OpenAgent Pty Ltd
Merger/Acquisition
June 22, 2015
Motorite Administrators (Pty) Ltd and SMART
Private Placement
March 19, 2015
Emergence Insurance Group Pty Ltd.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact The Hollard Insurance Company Limited, please visit www.hollard.co.za. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.