RMB Structured Insurance

	Gustavo Arroyo Chief executive officer, RMB Structured Insurance

RMBSI holds both short-term and life insurance licences. It creates bespoke insurance and financial risk solutions for South Africa’s large corporations
by using sophisticated risk techniques and innovative financial structures. In addition it part owns a portfolio of underwriting management agencies.

RMBSI continues to focus on a diversified business strategy to bolster its retainer base income on the back of the more traditional insurance business.
This is beginning to bear fruit and the business mix is trending in the right direction.

Shareholder profit after tax for the year to June 2012 amounted to R96 million (2011: R92 million).

RMI Holdings included R74 million of RMBSI’s earnings in its normalised earnings (2011: R48 million for the four-month period).