Chief executive officer, RMB Structured Insurance
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 partly 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 continues to bear fruit and the business mix is trending in the right direction.
Shareholder profit after tax for the year to June 2013 amounted to R89 million (2012: R96 million).
RMI Holdings included R70 million of RMBSI’s earnings in its normalised earnings (2012: R74 million).