CEO of Hollard Australia, Richard Enthoven has stepped down from his role as Chairman of the Hollard Insurance Company Limited and Hollard Life Assurance Company Limited in South Africa to focus on the rapidly growing Australian business he set up 15 years ago.
Hollard, South Africa’s largest privately-owned insurance group, has appointed businessman and philanthropist Adrian Enthoven as Chairman with immediate effect. He has been Chairman of Hollard Holdings since 2012 and on the Hollard Investments Committee since 2007.
Said Richard Enthoven: “The Hollard businesses needs a South African-based Chairman plugged into the local dynamics. The company demands more than I am able to give right now from my Australian base and I wish Adrian every success for the future.
“As a family-owned business where there is close engagement between shareholders and management, it was appropriate that Adrian was appointed. The Hollard Board continues to reflect a sound balance between shareholder-linked and independent non-executive directors.”
This will free up Enthoven to focus on the Australian business he started 15 years ago. Since then, the Hollard Australia Group, which is 100 per cent privately owned, has grown to over 1,000 employees and covers more than 750,000 policy holders across a wide range of insurance products including Life Insurance, Income Protection, Pet Insurance, Home and Contents and Motor Insurance through its own retail brand, Real Insurance as well as white label partners like Woolworths, Medibank Private, RSPCA and Australian Seniors Insurance Agency.
In that time the business has launched a number of insurance innovations in the Australian market, such as:
- Pet insurance in 2002.
- A trust based “pay by the kilometre insurance” called Pay As You Drive in 2008 via its retail brand, Real Insurance.
- Stand-alone bicycle insurance via Velosure in 2008.
- “Build your own” car insurance in 2012 which gives customers the opportunity to choose cover options to suit their needs and budget.
- Fully underwritten Life Insurance sold over the phone.