HOLLARD Insurance Group
has acquired Regent
Insurance Group South
Africa from its previous owner,
Imperial Holdings, as part of a
deal worth almost R1,8bn.
Uriah Jansen, md of Oojah
Travel Protection, which
administers Hollard’s travel
insurance, says the acquisition
means Hollard is now the
second-largest short-term
insurance provider in South
Africa.
As a result of the acquisition,
Regent Travel Insurance is
gradually being absorbed into
Hollard’s travel insurance fold.
Nic Kohler, ceo of Hollard,
says the integration of Regent
will significantly enhance
Hollard’s distribution capability.
However, the acquisition of
Regent will not result in any
immediate changes, says
Uriah. “We are engaged with
the Regent Travel Insurance
team as we bring them into
the fold, but for now, it’s really
still business as usual for
everyone.”
Oojah Travel Protection
remains the administrator
of Hollard’s travel insurance
products and agents can still
reach them and their Regent
representatives through the
same channels as before. Any
changes to contact details will
be communicated to agents in
due course.
“We are very excited about
the potential of the combined
businesses and our immediate
goal is to assess the range of
Regent products and decide
how to integrate these into
the Hollard environment to
produce the best possible
consolidated set of travel
insurance products under the
Hollard name,” adds Uriah.
Hollard bags Regent in billion-rand deal
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