Hollard aims to become a full-service financial services provider to the mass market, offering credit, savings and transactional products, says CEO Nic Kohler. Its acquisition of Regent Insurance Group from Imperial Holdings, which was finalised on Wednesday after securing Financial Services Board approval, was a step towards fulfilling this ambition, Kohler said last week. The R1.8bn transaction took Hollard’s share in the funeral insurance market to 15%-20%. Regent’s savings products complemented Hollard’s funeral products, hospital cash plans and legal and education policies, Kohler said. Hollard planned to offer credit and transactional products, which would probably be done through partnerships. The Regent acquisition will cement Hollard’s position as SA’s second-largest short-term insurer, marginally increasing its lead on Old Mutual Insure, formerly Mutual & Federal. The combined entity, including Hollard’s life insurance business, generates more than R20bn a year in premium ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.