Heralding a great meeting of minds

Ambitious growth plans are set to contribute to MMI’S total earnings

The FM asked Hillie Meyer, CEO of Guardrisk parent company MMI, about the significance of Guardrisk within the MMI group and how the business model has evolved.

Guardrisk carries a distinct brand in the MMI stable and operates fairly independently. What does this business add to MMI’S strategic positioning and overall value proposition?

We believe the current positioning of Guardrisk in MMI, namely with a unique brand and operating fairly independently, is the most optimal structure from a group perspective, but also for Guardrisk.

Guardrisk significantly increases the resilience of MMI’S corporate portfolio by diversifying our earnings base and providing an alternative source of value creation in the insurance market. Guardrisk is a global pioneer of the cell captive industry and a market leader in SA. Guardrisk has an entrepreneurial flair, generates attractive earnings growth on this basis and is a success story that contributes positively to MMI.

The Guardrisk business further provides MMI with strategic optionality in terms of new insurance business models. By combining the unique structure of a cell captive insurer with disruptive and innovative technologies, we believe there is potential to participate in new business models.

Guardrisk’s contribution to MMI’S results has grown steadily, how do you see this in future?

Guardrisk has a well-defined strategy, centred on five strategic themes (transformation, diversification, clients, staff and efficiencies). The business has ambitious growth plans and the potential to