In a move that highlights the growing importance of their African and Asian ambitions, the Hollard Insurance Group today announced several changes to their Executive Committee.
Brooks Mparutsa, currently Hollard’s Chief Financial Officer, will take over as Executive Director: International with effect 1 January 2016.
With current incumbent Ian Ross due to retire in 2017, it is believed that Mparutsa’s experience of working on the continent, allied with his passionate belief in Africa’s future potential, makes him the ideal candidate to build on the very significant progress made by Ross. Mparutsa takes over a portfolio which now includes operations in 11 countries outside of South Africa, and which generated almost R2.7 billion in premium income for the year to 30 June 2015.
Ross, meanwhile, will remain an Executive Director of Hollard as well as retain the role of Chief Underwriting Officer. Ross will dedicate more of his time to Hollard’s world-first social impact insurance initiatives, bringing insurance and risk management tools to the assistance of the vulnerable poor, in support of Hollard’s aim to be a catalyst for positive and enduring change.
In something of a coup for Hollard, Hollard’s CFO role will be filled from 1 January 2016 by Willie Lategan, a 23-year veteran of the insurance industry. An actuary by training, Lategan has been ABSA’s Chief Executive for Wealth, Investment Management and Insurance for the last 8 years.
Says Nic Kohler, Hollard Group CEO, “We are very excited to have been able to accommodate Brooks’ career aspirations and to have attracted someone of Willie’s calibre and experience to take over as CFO. We are very grateful to Ian for his significant contribution to the growth of our international portfolio, which has exceeded our wildest ambitions.”
