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Last 2,787
Change Today -24.00 / -0.85%
Volume 921.7K
MMI On Other Exchanges
As of 8:14 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

mmi holdings ltd (MMI) Snapshot

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52 Week High
04/13/15 - $3,475
52 Week Low
10/13/14 - $2,521
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mmi holdings ltd (MMI) Details

MMI Holdings Limited, together with its subsidiaries, provides insurance-based financial services in South Arica and internationally. The company’s Momentum Retail segment provides wealth creation and preservation, insurance, and income products to customers in the middle to upper-income and wealth market segments in South Africa. Its Metropolitan Retail segment offers savings, and income generation and income protection products for the needs of clients in the lower to middle-income market. The company’s Momentum Employee Benefits segment provides administration, insurance, and investment solutions to employers and retirement funds in the large corporate and the small, micro, and medium enterprise market segments. Its Metropolitan International segment offers health insurance and healthcare administration, risk savings and investment products, retirement fund administration, and short-term and long-term insurance products for retail and institutional customers. The company’s Momentum Investments segment provides investment services, including active and passive investment management, alternative investment management, multi-management, collective investment management, and property investment management. Its Metropolitan Health offers medical scheme administration, managed healthcare, healthcare-related IT, and open scheme distribution products for public sector and corporate clients in the health industry. The company provides its products and solutions under the Metropolitan, Momentum, Guardrisk, and Eris brands. MMI Holdings Limited is headquartered in Centurion, South Africa.

17,976 Employees
Last Reported Date: 03/4/15

mmi holdings ltd (MMI) Top Compensated Officers

Group Chief Executive Officer, Executive Dire...
Total Annual Compensation: R12.2M
Compensation as of Fiscal Year 2014.

mmi holdings ltd (MMI) Key Developments

MMI Holdings Ltd Announces Changes to Board and Board Committees

The MMI Holdings Ltd. Board of Directors informed its shareholders of changes in the compositions of certain Board Committees, in light of; P Speckmann's retirement, who is no longer a member of the Risk, Capital and Compliance Committee effective 30 June 2015; B Gouws' retirement, who is no longer a member of the Fair Practices Committee effective 30 June 2015, and S Jurisich's appointment as a member with effect from 1 July 2015; the impending retirement of S Nxasana on 30 September 2015 as a director of the MMI Holdings Board, and his resignation as Chairman of the Remuneration Committee and member of the Nominations Committee effective 30 June 2015. J Burger has been appointed Chairman of the Remuneration Committee effective 1 July 2015.

Aditya Birla Nuvo Enters into Definitive Joint Venture Agreements with MMI Holdings Limited

Aditya Birla Nuvo (ABNL) has entered into definitive Joint Venture agreements with MMI Holdings to enter into the Health Insurance and Wellness business in India. As per the agreements, ABNL will hold 51% share in the Joint Venture Company (JVC) named Aditya Birla Health Insurance Company (ABHICL), subject to the regulatory approvals. ABHICL is in the process of making an application to the Insurance Regulatory and Development Authority of India for obtaining license to start health insurance and wellness business operations. The company expects to commence operations in next 12-15 months.

MMI Holdings Limited Announces Board Changes, Effective 30 June 2015

Shareholders of MMI Holdings Limited reported that the Group Finance Director of MMI, Preston Speckmann, will retire effective 30 June 2015 after 16 years of distinguished service within the group. Mary Vilakazi will succeed him in the position of Group Finance Director, from 1 July 2015. As a result of his retirement, Preston will step down as an executive director and Mary will be appointed as executive director to the MMI Holdings and MMI Group Boards. Mary's appointment completes the succession planning and structured handover process implemented last year ahead of Preston's retirement. Mary's association with MMI started when she was a partner at PwC responsible for the Metropolitan audit. She then served as a non- executive director of Metropolitan and subsequently non-executive director of MMI where she was a member of the Audit and Actuarial Committees. In May 2014 Mary became a MMI executive by virtue of her appointment as the CEO of Balance Sheet Management. In September 2014 she was appointed MMI's Chief Financial Officer. MMI further advises that Ngao Motsei, the Group Executive for Strategic HR and Transformation, has decided to leave the corporate world to pursue other interests. Ngao joined MMI in June 2011 as Group Executive: Strategic HR and took over the Transformation portfolio in October 2012. She will also step down as an executive director on the MMI Holdings Board and as MMI Group Executive for Strategic HR and Transformation on 30 June 2015.


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