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
by using sophisticated risk techniques and innovative financial structures. In addition it part owns a portfolio of underwriting management agencies.
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).