＜Joint Press Release> February 25, 2015 The Hollard Insurance

＜Joint Press Release>
February 25, 2015
The Hollard Insurance Company Limited
Tokio Marine Holdings, Inc.
Hollard and Tokio Marine & Nichido to enter a business relationship agreement
The Hollard Insurance Company Limited (hereafter referred to as "Hollard"), part of
Hollard Insurance Group, and Tokio Marine & Nichido Fire Insurance Co., Limited
(hereafter referred to as "Tokio Marine & Nichido"), the wholly-owned subsidiary of
Tokio Marine Holdings, Inc., announced today that they have signed a business
relationship agreement to collaborate and co-ordinate specific initiatives relevant for
Japanese clients in Sub-Saharan Africa, with a focus on risk and insurance
requirements.
Following the conclusion of this agreement, Hollard has established an internal “Tokio
Marine Japan Desk”, which will exclusively handle Japanese business for Tokio Marine
& Nichido and its group companies. This will enable Tokio Marine to offer insurance
products and services to the groups’ clients through Hollard’s extensive African network.
Hollard has fully-fledged Non-Life licenses in South Africa, Namibia, Botswana,
Mozambique and, as of earlier this year, Ghana. Through various partnerships and joint
venture arrangements, Hollard is able to provide cover in a further 20 countries on the
continent, including significant access to East and West Africa.
In addition to the establishment of the partnership, Tokio Marine & Nichido will open a
new office in the city of Johannesburg, Republic of South Africa on 1st April 2015 and
will deploy a representative to enhance market research capabilities in the region.
Hollard and Tokio Marine & Nichido have also agreed to collaborate in this
undertaking.
Sub-Saharan Africa has for some time attracted the attention of organisations across
the world, as a result of its burgeoning population and strong economic growth. The
integration of Hollard’s strong network within the region with Tokio Marine & Nichido’s
expertise in international business will both strengthen the organisations’ presence in
the region and provide higher levels of customer service.
<Overview of Hollard Insurance Group (as of 30 June 2014
2014)>
As South Africa's largest privately-owned insurance group, the Hollard Insurance
Group includes the Hollard Insurance Company and Hollard Life Assurance Company.
Established in 1980, the Group provides short-term and life insurance as well as
investment products to a diverse customer base including individual consumers,
commercial entities and corporate clients. It ranks among a growing number of
companies advocating an inclusive growth model, measuring its social dividends aside
its shareholder contributions.
Since inception, partnership has been at the heart of its business model, with the group
today boasting over 100 ventures across the insurance value chain. Each one
demonstrates the Hollard belief that there is always a better way.
Headquartered in the historic Villa Arcadia in Parktown, Johannesburg, the group
embraces 6 million policy holders in 11 countries (South Africa, Botswana, Namibia,
Botswana, Zambia, Ghana, China, India, Pakistan, Australia and the UK) on four
continents. The Hollard Insurance Group employs almost 3000 people across the globe
and posted R15.3bn in premium income from African licenses in the year to June 2014.
Established: 1980
CEO: Nic Kohler
Address of Head Office: 22 Oxford Road, Parktown, Johannesburg
Republic of South Africa
Website: https://www.hollard.co.za/
<Overview of Tokio Marine & Nichido (as of 31 March 2014)>
Tokio Maine & Nichido is the oldest insurance company in Japan, which was originally
founded in 1879 as Tokio Marine Insurance. It is a subsidiary of Tokio Marine Holdings,
Inc. (formerly known as Millea Holdings until 2008), one of the largest insurance groups
in Japan in terms of revenue, employing over 30,000 people in 38 countries worldwide.
Established: August 1879
President: Tsuyoshi Nagano
Address of Head Office: 2-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo Japan
Website: http://www.tokiomarine-nichido.co.jp/en/
Hollard-Owned
Hollard Strategic Alliances