Hollard Insurance Group Announces a ground-breaking partnership with Tokio Marine Group.
Recently The Hollard Insurance Group announced a ground-breaking partnership with the Tokio Marine Group, the largest insurance group in Japan, and among the largest in the world. Tokio Marine will acquire a 22.5% stake in Hollard South Africa and Hollard International for approximately R5 billion, fulfilling Hollard’s long-held goal of partnering with a major international insurance group.
The Tokio Marine Group was established in 1879 and incorporates Japan’s oldest Insurance company, Tokio Marine Insurance. The Group employs almost 39000 people in 38 countries and, reported an income of just over 5 232 billion Yen (R725 billion at today’s exchange rate).
This is a game-changer for Hollard, as not only does it represent a significant vote of confidence in Hollard, but also in South Africa and in the African continent as a whole. The transaction is aligned with President Cyril Ramaphosa’s call for $100 billion to be invested in SA over the next five years, and is an endorsement of the well-regulated South African financial services sector. The access to capital this partnership provides will help to accelerate our ambitious plans in Africa and Asia.
AWCA investment Holdings would like to congratulate Hollard this big honor.
Reef Tankers awarded the 2018 CAIA Responsible Care Haulier award.
We would also like to congratulate one of our shareholding partners, Reef Tankers on being awarded the 2018 CAIA Responsible Care Haulier award. This award is in recognition of their year-on-year increase, with regards to their performance of their responsible care programmes and for sustaining a high safety, health and environmental performance over the last three year period.
The award was presented to the company at a function held at the Johannesburg Country Club where members of the Chemical and Allied Industries Association’s gathered. The CAIA, is an association that forms part of a worldwide network of Chemical industry associations, which seek to promote the continuous improvement of performance in the safety, health and environmental arenas, as well as to boost productivity and competitiveness of the chemical and allied industries in South Africa.
AWCA Investment holdings is very proud of this achievement by Reef tankers, and we are delighted to be associated with a company that puts matters such as health, safety and environmental arenas at the forefront of their concerns.
We would like to congratulate one of AIH board members, Ms. Gugu Sephamla on being appointed as the Corporate Affairs Group executive at Barloworld. She was announced to be part of the Executive Committee late last year and we are very pleased with her accomplishment. We wish her all the best on her new appointment.
We would like to congratulate Ms. Nomfundo Marivha, our previous business analyst has currently been appointed as an associate director at Deloitte. She was a very important asset to the company, and her presence will be sorely missed. We wish her well on her new venture that she is about to embark on.