Nothing Special   »   [go: up one dir, main page]

OUTsurance Holdings: Difference between revisions

Content deleted Content added
Rescuing 0 sources and tagging 1 as dead.) #IABot (v2.0.9.5) (LeapTorchGear - 16758
Pienaari (talk | contribs)
mNo edit summary
 
(6 intermediate revisions by 4 users not shown)
Line 1:
{{Paid contributions|date=July 2024}}
{{EngvarB|date=March 2016}}
{{Use dmy dates|date=March 2016}}
Line 13 ⟶ 14:
* [[South Africa]]
* [[Australia]]
* [[New ZealandIreland]]
}}
| homepage = [http://www.outsurance.co.za/ Homepage]
Line 20 ⟶ 21:
}}
 
'''OUTsurance Holdings Limited''', commonly referred to as '''OUTsurance''', is a subsidiary of OUTsurance Group Limited (OUTsure, a JSE listed entity),<ref name=":1">{{Cite web|url=https://wwwgroup.outsurance.co.za/adxabout-us/aspx/adxGetMedia.aspx?DN=2633afd0-dae7-4f78-b78f-105a78bc80a7|title=OUTsurance Holdings Limited 2015 Annual Report|last=|first=|date=30 June 2015|website=|publisher=OUTsurance Holdings Limited|access-date=2016-03-23}}</ref> a [[South Africa]]n based financial services investment holding company. OUTsurance Holdings Limited was formed in 1998<ref name=":0" /> and is an unlisted public company with headquarters in [[Centurion, Gauteng|Centurion]], [[South Africa]].<ref name=":0">{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=20757724|title=Company Overview of Outsurance Insurance Company Limited|last=|first=|date=|website=[[Bloomberg Businessweek]]|publisher=[[Bloomberg L.P.]]|access-date=2016-03-23}}</ref> It is a financial services holding company based in South Africa, with subsidiaries in [[Australia]] and [[New ZealandIreland]].
 
OUTsurance subsidiaries offer various short and long-term insurance as well as investment products to individual and corporate customers.
 
== History ==
Line 32 ⟶ 33:
 
In July 2014, OUTsurance expanded into New Zealand with the launch of [[Youi]] New Zealand, as a subsidiary of Youi Australia.<ref name=":1" /> In September 2019, Tower bought Youi's New Zealand customers ending its attempt to crack the New Zealand market.<ref>{{Cite web|url=https://www.stuff.co.nz/business/116042669/south-african-insurer-youi-sells-its-34000-new-zealand-policies-to-tower|title= South African insurer Youi sells its 34,000 New Zealand policies to Tower.|last=|first=|date=|website=|publisher=Stuff.co.nz|access-date=2019-09-24}}</ref>
 
In May 2024, OUTsurance Ireland was launched offering short-term personal lines insurance. <ref>{{cite web | url=https://www.gov.ie/en/press-release/9de52-minister-carroll-macneill-welcomes-outsurance-to-ireland/ | title=Minister Carroll MacNeill welcomes OUTsurance to Ireland | date=5 January 2024 }}</ref>
 
== Member companies ==
Line 42 ⟶ 45:
* OUTsurance Properties – South Africa – 100% Shareholding – A property ownership company.
* Youi Holdings Pty Ltd – Australia – 93% Shareholding – A holding company for Australasia investments.
* Youi (Proprietary) Limited – Australia – 9394.6% Shareholding –Offering General Insurance
* OUTvest Pty Limited – South Africa – 100% Shareholding - Investment platform company
* OUTvest Nominees Pty Limited RF Pty Limited – 100% Shareholding – Nominee company for OUTvest Pty Limited
* CloudBadger Technologies Pty Limited – South Africa – 48% Shareholding
 
== Ownership ==
OUTsurance Holdings is an unlisted public company. As at JuneMay 3031 20222024, the shareholding in the group's stock was as depicted in the table below:<ref>{{Cite web|url=https://www.outsurance.co.za/globalassets/documents/outsurance-sa/general/financial-results/annual_report_2020.pdf|title=OUTsurance Holdings Annual Report 2020|last=|first=|date=|website=|publisher=OUTsurance Holdings|access-date=2017-01-21}}</ref>
 
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
Line 54 ⟶ 55:
! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership
|-
|1|| OUTsurance Group Limited (formerly RMI Holdings) <sup>1</sup> || 89.268
|-
|2|| OUTsurance Management (direct and indirect) and employee incentive schemes || 10.742
|-
| ||'''Total'''||'''100.00'''
Line 64 ⟶ 65:
OUTsurance Holdings is governed by a board of directors with Herman Bosman as the chairman with Marthinus Visser as chief executive officer.
 
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.<ref>{{cite web | url=https://group.outsurance.co.za/environmental-social-governance/our-people/ | title=Our people }}</ref>
 
== See also ==
{{columns-list|colwidth=22em|
* [[Rand Merchant Investment Holdings]]
* [[First Rand]]
* [[RMB Holdings]]