22:
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in
Australia, making it the first African company to set up an insurance business in Australia. The group launched OUTsurance Life in 2010. This unit allowed the group to offer basic and fully underwritten life insurance products in South Africa. Recently, OUTsurance Life has started offering funeral
261:
in an all share deal that gave RMBH and FirstRand each an interest of 47.5% in the merged entity, with 5% being held by the staff trust. By virtue of its shareholding in FirstRand, RMBH has 59.4% control in OUTsurance.
411:
Laurie
Dippenaar retired from the board and his position as the chairman with effect 1 July 2020. He was replaced by Herman Bosman as the chairman, who is supported by a lead independent director, Kubandiran Pillay.
779:
651:
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New
Zealand, as a subsidiary of Youi Australia. In September 2019, Tower bought Youi's New Zealand customers ending its attempt to crack the New Zealand market.
265:
2006 saw OUTsurance expand into
Namibia with the launch of OUTsurance Insurance Company of Namibia in partnership with FNB Namibia. In 2008 the group launched
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591:"Pre-listing statement of RMI Holdings relating to the listing of RMI Holdings on the JSE with effect from the commencement of business on 7 March 2011"
615:
753:
676:
774:
344:
OUTsurance
Holdings is an unlisted public company. As at May 31 2024, the shareholding in the group's stock was as depicted in the table below:
408:
OUTsurance
Holdings is governed by a board of directors with Herman Bosman as the chairman with Marthinus Visser as chief executive officer.
288:. The stake held in OUTsurance Holding by both RMB Holdings and FirstRand were thus taken up by RMI Holdings which was then listed it on the
769:
317:
OUTsurance Life
Insurance Company – South Africa – 100% Shareholding – Offering life and funeral insurance to the South African public.
637:
257:
to provide short-term insurance to individuals. On 1 January 2000, OUTsurance acquired the First
National Insurance group (FNI) from
314:
OUTsurance
Insurance Company – South Africa – 100% Shareholding – Offering General Insurance and other short-term insurance products.
320:
OUTsurance
International Holdings – South Africa – 100% Shareholding – A holding company for non-South African investments.
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based financial services investment holding company. OUTsurance Holdings Limited was formed in 1998 with headquarters in
281:
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42:
701:
245:
OUTsurance subsidiaries offer various short and long-term insurance to individual and corporate customers.
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OUTsurance Shared Services – South Africa – 100% Shareholding – A shared service company for the group.
38:
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Youi Holdings Pty Ltd – Australia – 93% Shareholding – A holding company for Australasia investments.
48:
177:
489:
590:
565:
302:
In May 2024, OUTsurance Ireland was launched offering short-term personal lines insurance.
540:
8:
234:. It is a financial services holding company based in South Africa, with subsidiaries in
326:
OUTsurance Properties – South Africa – 100% Shareholding – A property ownership company.
332:
Youi (Proprietary) Limited – Australia – 94.6% Shareholding –Offering General Insurance
227:
121:
93:
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34:
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by way of introduction. This made OUTsurance Holding a subsidiary of RMI Holdings.
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566:"RMB Holdings Limited - Circular to shareholders regarding the RMBH restructuring"
222:, is a subsidiary of OUTsurance Group Limited (OUTsure, a JSE listed entity), a
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79:
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284:(then a wholly owned subsidiary of RMBH). and separately listing it on the
253:
OUTsurance was launched on 28 February 1998 as a wholly owned subsidiary of
616:"South African insurer Youi sells its 34,000 New Zealand policies to Tower"
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427:
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Companies that make up OUTsurance Holdings include but are not limited to:
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140:
125:
380:
OUTsurance Management (direct and indirect) and employee incentive schemes
289:
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CloudBadger Technologies Pty Limited – South Africa – 48% Shareholding
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In July 2014, OUTsurance expanded into New Zealand with the launch of
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and FirstRand Corporate spun off their insurance assets to
266:
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638:"Minister Carroll MacNeill welcomes OUTsurance to Ireland"
485:"Company Overview of Outsurance Insurance Company Limited"
738:
748:
596:. Rand Merchant Insurance Holdings. 3 February 2011
369:OUTsurance Group Limited (formerly RMI Holdings)
780:Financial services companies established in 1998
761:
652:"OUTsurance Holdings Limited 2017 Annual Report"
785:South African companies established in 1998
462:. OUTsurance Holdings Limited. 30 June 2015
349:OUTsurance Holdings Limited Stock Ownership
724:Rand Merchant Insurance Holdings Homepage
677:"OUTsurance Holdings Annual Report 2020"
571:. RMB Holdings Limited. 3 February 2011
775:Companies based in the City of Tshwane
762:
719:OUTsurance Holdings Limited Homepage
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770:Insurance companies of South Africa
546:. RMB Holding Limited. 30 June 2000
521:. RMB Holding Limited. 30 June 1998
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13:
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14:
796:
711:
474:
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541:"RMB Holding 2000 Annual Report"
516:"RMB Holding 1998 Annual Report"
67:
20:
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608:
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47:Please discuss further on the
1:
460:"OUTsurance Holdings Limited"
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273:On 7 March 2011, RMB Holdings
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7:
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216:OUTsurance Holdings Limited
62:OUTsurance Holdings Limited
37:to comply with Knowledge's
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218:, commonly referred to as
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270:and endowment products.
199:OUTsurance Group Limited
490:Bloomberg Businessweek
105:; 26 years ago
29:This article contains
739:RMB Holdings Homepage
682:. OUTsurance Holdings
361:Percentage Ownership
103:28 February 1998
43:neutral point of view
754:Annual Results 2020
744:First Rand Homepage
351:
63:
31:paid contributions.
347:
94:Financial services
61:
640:. 5 January 2024.
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734:Youi New Zealand
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306:Member companies
174:Marthinus Visser
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39:content policies
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33:It may require
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729:Youi Australia
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712:External links
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657:. 30 June 2017
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495:Bloomberg L.P.
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618:. Stuff.co.nz
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358:Name of Owner
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224:South African
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166:Herman Bosman
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702:"Our people"
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684:. Retrieved
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659:. Retrieved
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622:24 September
620:. Retrieved
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598:. Retrieved
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573:. Retrieved
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548:. Retrieved
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523:. Retrieved
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488:
464:. Retrieved
428:RMB Holdings
410:
407:
395:
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348:
343:
309:
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282:RMI Holdings
274:
272:
264:
255:RMB Holdings
252:
244:
232:South Africa
219:
215:
214:
173:
165:
141:South Africa
126:South Africa
118:Headquarters
76:Company type
58:
30:
600:13 December
575:13 December
133:Area served
764:Categories
686:21 January
498:Retrieved
440:References
423:First Rand
404:Governance
220:OUTsurance
161:Key people
110:1998-02-28
340:Ownership
259:FirstRand
236:Australia
228:Centurion
188:Insurance
146:Australia
122:Centurion
90:Insurance
49:talk page
550:23 March
525:23 March
500:23 March
466:23 March
416:See also
208:Homepage
184:Products
170:Chairman
86:Industry
249:History
240:Ireland
204:Website
151:Ireland
108: (
100:Founded
35:cleanup
749:Remgro
661:30 May
433:Remgro
396:100.00
278:Remgro
195:Parent
92:&
80:Public
680:(PDF)
655:(PDF)
594:(PDF)
569:(PDF)
544:(PDF)
519:(PDF)
391:Total
383:10.2
372:89.8
688:2017
663:2018
624:2019
602:2014
577:2014
552:2016
527:2016
502:2016
468:2016
355:Rank
297:Youi
267:Youi
238:and
290:JSE
286:JSE
242:.
178:CEO
766::
493:.
487:.
476:^
447:^
230:,
124:,
704:.
690:.
665:.
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604:.
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529:.
504:.
470:.
377:2
366:1
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112:)
51:.
45:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
