The Metropolitan Insurance Company (MET) has re-branded to Hollard Insurance Ghana Limited following its acquisition by the South African Insurer.
“Today, just as a young lady might get married and voluntarily take on the name of her chosen life partner, we at MET have decided to take on a new name. We are now Hollard,” Mrs Lynda Odru, Chief Executive Officer, Hollard Insurance Ghana Limited, said at a ceremony to outdoor the new name.
She said MET had over the years became a very respected and recognizable brand known for its ethical, professional and empathetic character by customers and competitors.
Mrs Odru said with Hollard, the insurance company would blend its local expertise with the global capabilities offered to it to create a global brand with a local focus.
She said with a bigger balance sheet, Hollard Ghana would be able to take on bigger risks.
“Thanks to the world class line of Business System, the work flow process, and access to Centres of Excellence at Hollard, we will now be even more efficient, enabling us to achieve operational excellence that translates into greater value for our customers,” she said.
Mrs Odru said if Hollard Ghana would maintain its position as one of the top five companies in Ghana’s crowded insurance industry, business growth and profitability are key and pledged her team’s readiness to blend local knowledge in the Ghanaian market with the experience, skills and capacity of Hollard to achieve results.
She said Hollard Insurance Ghana Limited would want customers and partners to enjoy a sustainable future and feel understood, supported, and empowered by the products, services and relationships we have to offer.
Mr Brooks Mparutsa, Chief Executive Officer of the Hollard Group, said the company would leverage on the local expertise of the MET team to build a competitive insurance business.
“MET has built a reputation for excellence and professionalism in Ghana, something we are proud of and will retain going forward,” he said.
Mrs Lydia Lariba Bawa, the Commissioner of Insurance, lauded the partnership between MET and Hollard and expressed the hope that it would help deepen the insurance market.
Hollard is a large corporation with a global reach. Based in South Africa, the insurance group has a global strategy which has seen it open branches in China, India, Pakistan as well as Zambia, Mozambique, Namibia and Botswana.
Ghana is its first stop on its West Africa road map, after three years of discussions with MET Insurance.