Transit underwrites on behalf of Compass Insurance Company Limited. Compass Insurance is a leader in specialist insurance in South Africa, with a GCR claims paying ability of AA-.
Compass Insurance is wholly owned by Hannover Reinsurance Africa Limited, a subsidiary of Hannover Reinsurance in Germany, one of the largest reinsurers in the world. Compass Insurance Company Limited is a registered financial services provider, FSP Number 12148.
LIREAS HOLDINGS (PTY) LTD
Lireas Holdings (Pty) Ltd is the well established South African strategic investment company of Hannover Re Group Africa and Mahogany Private Equity. With over twenty five years experience in the insurance investment industry, Lireas offers South African insurance underwriting agencies the following business advantages:
- Access to working capital - Specialist underwriting expertise - Reinsurance capacity - Introduction to the best insurance carrier suited for their unique business needs - Ongoing guidance, coaching and management feedback through active shareholding participation. - Access to a board of specialists on HR, IR, legal and compliance, strategy and marketing matters. - A guarantee of non-participation in competing markets.