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Hollard Insurance Group appoints Saks Ntombela as CEO

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Date posted: 1 Aug 2017

The Hollard Insurance Group, South Africa’s largest independent insurer, has appointed Saks Ntombela as Group Chief Executive Officer.

Ntombela will assume the role on 1 October, taking over from current CEO, Nic Kohler, who announced in January that he would step down after 10 years at the helm.

Ntombela joined Hollard five years ago as head of its fledgling life and investments area, having previously served as Head of Retail Banking Product and Segments at ABSA. Prior to that Ntombela held a number of executive positions at Nedbank, where he was most latterly responsible for the Bank’s retail business.

A Bachelor of Science Mechanical Engineering graduate from the University of Natal, Ntombela is also a graduate of the University of Cape Town’s Graduate School of Business and has completed the Advanced Management Programme at Harvard Business School in Boston.
Speaking after the announcement, Ntombela said, “I have enjoyed working with a really passionate team in Hollard’s life and investments space over the last five years, and am really looking forward to working with the rest of this amazing organisation as we forge ahead in a difficult market.”   

“We have big ambitions and, despite the environment, I think we’re well-positioned to grow strongly over the next three to five years, particularly in the commercial insurance sector and in the lower-income segments of the life market. We will also continue to secure and develop long-term partnerships that deliver true value for insurance consumers.” 

Hollard’s recent purchase of the Regent Insurance Group in a R1,8 billion deal saw the insurer cement its place as South Africa’s second largest short-term insurer and become the largest short-term insurer in Botswana, as well as entering its seventh African market (Lesotho). Says Ntombela, “Our international ventures are performing very strongly and will undoubtedly power much of our growth into the future. As well as optimising our current operations outside of SA, we are also actively exploring a number of additional opportunities in Africa at the moment”.    

Paying tribute to Kohler, who will join parent company Yellowwoods to assist with managing its growing global insurance interests, Ntombela says, “Nic did a fantastic job in the 10 years he was here, transforming Hollard from a strong local player with some international interests into a truly global insurer, motivated by a higher purpose. I plan to build on the good work that he did, ensuring that our growth is sustainable and inclusive, that we deliver increasing social dividends alongside strong financial dividends, and that we become the favourite insurer in each of the countries in which we operate.” 

For further information please contact:

Warwick Bloom @ Hollard, warwickb@hollard.co.za, +27 (0)82 496 4376

About the Hollard Insurance Group

  • The Hollard Insurance Group includes the Hollard Insurance Company, Hollard Life Assurance Company, and Hollard Investment Managers. 
  • Established in 1980, the Group provides short-term and life insurance as well as investment products to a diverse customer base including individual consumers, commercial entities, and corporate clients. It ranks among a growing number of companies advocating an inclusive growth model, measuring its social dividends aside its shareholder contributions.
  • Since inception, partnership has been at the heart of its business model, with the group today boasting over 100 ventures across the insurance value chain. Each one demonstrates the Hollard belief that there is always a better way. 
  • Headquartered in the historic Villa Arcadia in Parktown, Johannesburg, the group embraces 6 million policy holders and is involved in insurance businesses in 18 countries across four continents, including seven in Africa, namely South Africa, Botswana, Namibia, Mozambique, Ghana, Lesotho, and Zambia


Company Overview 

As South Africa's largest privately-owned insurance group, Hollard Insurance incorporates the companies Hollard Insurance and Hollard Life Assurance. Established in 1980, the Hollard Group provides short-term and life insurance as well as investment products to a diverse customer base including individual consumers, commercial entities and corporate clients.

It ranks among a growing number of companies advocating an inclusive growth model, measuring its social dividends aside its shareholder contributions.

Since inception, partnership has been at the heart of its business model, with the group today boasting over 100 ventures across the insurance value chain. Each one demonstrates the Hollard belief that there remains a better way. 

Headquartered in the historic Villa Arcadia in Parktown, Johannesburg, the group embraces 6 million policy holders in 10 countries on four continents. Hollard employs almost 3000 people and posted R15,1bn in premium income in the year to June 2014.

Spokespeople

  • Nic Kohler
     

    Group Chief Executive Officer

    To arrange an interview with Nic, please contact:

    Warwick Bloom
    Public Relations
    082 496 4376 
    warwickb@hollard.co.za

  • Willie Lategan
     

    Chief Financial Officer

    To arrange an interview with Willie, please contact:

    Warwick Bloom
    Public Relations 
    082 496 4376 
    warwickb@hollard.co.za

  • Mandla Shezi
     

    MD of Hollard Affinities and Direct

    To arrange an interview with Mandla, please contact:

    Warwick Bloom
    Public Relations 
    082 496 4376 
    warwickb@hollard.co.za

  • Stef Theofanidis
     

    MD of Hollard Insurance Partners

    To arrange an interview with Stef, please contact:

    Warwick Bloom
    Public Relations 
    082 496 4376 
    warwickb@hollard.co.za

  • Saks Ntombela
     

    MD of Hollard Life & Investments

    To arrange an interview with Saks, please contact:

    Warwick Bloom
    Public Relations 
    082 496 4376 
    warwickb@hollard.co.za

  • Ian Ross
     

    Chief Underwriting Officer

    To arrange an interview with Ian, please contact:

    Warwick Bloom
    Public Relations 
    082 496 4376 
    warwickb@hollard.co.za

  • Heidi Brauer
     

    Chief Marketing Officer

    To arrange an interview with Heidi, please contact:

    Warwick Bloom
    Public Relations 
    082 496 4376 
    warwickb@hollard.co.za

  • Nyeleti Shirilele
     

    Company Secretary &
    Head of Governance

    To arrange an interview with Nyeleti, please contact:

    Warwick Bloom
    Public Relations 
    082 496 4376 
    warwickb@hollard.co.za

  • Wikus Luus
     

    Chief Risk Officer

    To arrange an interview with Wikus, please contact:

    Warwick Bloom
    Public Relations 
    082 496 4376 
    warwickb@hollard.co.za

  • Brent Wyborn
     

    Executive Head: Group Services

    To arrange an interview with Brent, please contact:

    Warwick Bloom
    Public Relations 
    082 496 4376 
    warwickb@hollard.co.za

  • Brooks Mparutsa
     

    MD of Hollard International

    To arrange an interview with Brooks, please contact:

    Warwick Bloom
    Public Relations 
    082 496 4376 
    warwickb@hollard.co.za

  • David Green
     

    Chief Investment Officer
    Hollard Investments

    To arrange an interview with David, please contact:

    Warwick Bloom
    Public Relations 
    082 496 4376 
    warwickb@hollard.co.za

  • Gail Walters
     

    MD of Corporate Affairs

    To arrange an interview with Gail, please contact:

    Warwick Bloom
    Public Relations 
    082 496 4376 
    warwickb@hollard.co.za

  • Nash Omar
     

    Joint MD of Hollard Broker Markets

    To arrange an interview with Nash, please contact:

    Warwick Bloom 
    Public Relations  
    082 496 4376  
    warwickb@hollard.co.za

  • Pierre Geyer
     

    Joint MD of Hollard Broker Markets

    To arrange an interview with Pierre, please contact:

    Warwick Bloom  
    Public Relations   
    082 496 4376   
    warwickb@hollard.co.za

  • Willem Smith
     

    MD of Hollard Personal Lines

    To arrange an interview with Willem, please contact:

    Warwick Bloom   
    Public Relations    
    082 496 4376    
    warwickb@hollard.co.za

  • Galina Kroucheva
     

    Chief Information Officer

    To arrange an interview with Galina, please contact:

    Warwick Bloom    
    Public Relations     
    082 496 4376     
    warwickb@hollard.co.za

  • Dirk Viljoen
     

    Chief Actuary

    To arrange an interview with Dirk, please contact:

    Warwick Bloom     
    Public Relations      
    082 496 4376      
    warwickb@hollard.co.za

  • Kamini Maharaj
     

    Head of People

    To arrange an interview with Kamini, please contact:

    Warwick Bloom      
    Public Relations       
    082 496 4376       
    warwickb@hollard.co.za