MET Insurance Ghana has now officially re-branded as Hollard at a ceremony in Accra.

South African insurance giant Hollard gained a majority stake in Met Insurance last year after acquiring about 51 percent control of the company.

This becomes the second insurance firm from South Africa, in recent times after Mutual Insurance to acquire a firm in Ghana.

The Hollard Insurance Group (comprising the Hollard Insurance Company and Hollard Life Assurance Company) is South Africa’s largest privately-owned insurance group. The company is using its acquisition of MET insurance as part of its strategy to expand into the West Africa region.     

Speaking at a soiree to make the special announcement, Chief Executive Officer of Hollard, Lynda Odro expressed delight at the major step taken by the two companies.

She said, Hollard would provide capital, skills, capacity and systems to Met Insurance, and help to introduce innovative products.

The Hollard Ghana boss noted that “with Hollard we will blend our local expertise with the global capabilities offered to us to create a global brand with a local focus”.

She was optimistic that the partnership will yield fruitful results and push the market further ahead than it is now.

“We look back with nostalgia and look ahead with great excitement at our new life as part of an international brand that has business in four continents of the world. We take immense comfort and pride in sharing in this bigger pie, and we aim to share even more value with all our stakeholders”.

Lynda Odro also assured customers of exciting changes which will be made as a result of the partnership and that the company will not continue to do business the traditional way.

“Because of the innovation and the track record we have, we are going to expand the frontiers and ensure the unreached are reached” she stressed.