investment holdings type public traded as jse rmij industry insurance & financial services founded 2010 headquarters sandton south africa key people gerrit ferreira chairman hermanus bosman ceo products insurance and asset management revenue zar 13.69 billion 2015 net income zar 3.51 billion 2015 total assets zar 32.32 billion 2015 total equity zar 18.08 billion 2015 website homepage rand merchant investment holdings also referred to as rmi holdings is a listed financial services investment holding company 1 that holds a diversified portfolio of premier insurance brands in south africa australia china mauritius new zealand republic of ireland singapore the united kingdom and the united states of america . 2 contents 1 overview 2 history 2.1 rmb holdings restructure 2.2 post restructure 3 member companies 3.1 listed investments 3.2 unlisted investments 4 ownership 5 governance 6 see also 7 references 8 external links overview edit rmi holdings is listed on the jse and insurance and investment products and services to retail commercial corporate and public sector customers . the group has its headquarters in sandton south africa . history edit rmi holdings was incorporated and registered in south africa on 24 march 2010 as a wholly owned subsidiary of rmb holdings . 3 on 7 march 2011 rmb holdings rmbh remgro and firstrand span off their insurance assets to rmi holdings and separately listing it on the jse . rmb holdings restructure edit the rmb holdings restructure was announced on 10 december 2010 . its aim was to create separate focused insurance and banking entities . prior to the restructure rmb holdings portfolio comprised 4 firstrand 30 % shareholding . outsurance 58.5 % shareholding rmb holdings held 45 % of outsurance directly and an additional 45 % through firstrand bring the total control to 58.5 % . mmi holdings 18 % shareholding . discovery 25 % shareholding . rmb structured insurance 76 % shareholding . the restructure was aimed at separating of rmbh s insurance and banking interests and was executed as follows 4 the transfer of the rmbh remgro and firstrand s insurance interests to its newly incorporated wholly owned subsidiary rmi holdings . these insurance assets were transferred in exchange of additional shares in rmi holdings . the unbundling of rmbh s shares in rmi holdings to rmbh shareholders and the separate listing of rmi holdings on the jse by way of introduction . rmi holdings would then become an insurance focused investment entity . post restructure edit the rmbh restructure was completed on 7 march 2011 5 and the shares of rmih started trading at the jse on the same day . 6 this restructure was made possible due to the common shareholding in rmb holding remgro and firstrand . however to date rmb holdings and rmi holdings share the same management team and resources under a management contract . 7 in january 2016 the firm changed its name to rand merchant investment holdings . this was in line with the firm s strategy to invest in the broader financial services sector and beyond the insurance industry . 8 member companies edit the companies that compose rmi holdings are divided into two categories 9 listed investments edit discovery limited south africa 25.8 % shareholding 10 this is an integrated financial services organisation operating in the health insurance life assurance investment and health and wellness markets . discovery operates in south africa the united kingdom china singapore and the united states through various brands . 11 discovery limited s stock is listed on the jse mmi holdings limited south africa 25.2 % shareholding 12 mmi holdings was formed through the merger of momentum and metropolitan . it is a leading financial services group conducting business in south africa and elsewhere in africa providing life insurance short term insurance healthcare administration asset management investment and employee benefit programmes . its stock is listed on the jse . 13 unlisted investments edit outsurance holdings limited south africa 83.6 % shareholding outsurance is a holding company with subsidiaries that conduct both short and long term insurance activities . 14 its subsidiaries include 15 outsurance life insurance company south africa 100 % shareholding offering life insurance to the south african public . outsurance insurance company limited south africa 100 % shareholding offering general insurance . youi proprietary limited australia 93 % shareholding offering general insurance youi new zealand new zealand 93 % shareholding offering general insurance outsurance namibia insurance company limited namibia 49 % shareholding offering general insurance . fnb namibia owns 51 % of the venture . rmb si investments proprietary limited south africa 76 % shareholding rmb si provides a range of comprehensive tailored solutions to its clients in the short term and long term insurance sectors . 16 rmb si s investments include 17 18 rmb structured insurance limited south africa 100 % shareholding rmb structured life limited south africa 100 % shareholding rmb si investments mauritius limited mauritius 100 % shareholding rmb financial services limited limited republic of ireland 100 % shareholding hcv underwriting managers proprietary limited south africa 30 % shareholding truffle capital proprietary limited south africa 23.4 % shareholding cib insurance administrators proprietary limited south africa 10.4 % shareholding cyan capital proprietary limited south africa 10.44 % shareholding rmi investment managers south africa 95 % shareholding the investment advisory arm of the group . merchant capital south africa 25.1 % shareholding a provider of working capital finance to smes in south africa . 19 ownership edit the shares of rmi holdings are listed on the jse . as of june 2014 update the shareholding of rmi holdings was as follows 20 rand merchant investment holdings rank name of owner percentage ownership 1 financial securities limited1 30.3 2 royal bafokeng holdings proprietary limited2 15.0 3 public investment corporation 8.0 4 allan gray 5.9 5 others local and international investors 40.8 total 100.00 1 financial securities limited is a wholly owned subsidiary of remgro . governance edit rmi holdings is governed by a sixteen person board of directors with gerrit thomas ferreira as the chairman of the board and hermanus lambertus bosman as the ceo . 20 rmi holdings shares a board with rmb holdings . see also edit discovery limited mmi holdings limited outsurance holdings remgro first rand jse limited etana insurance alexander forbes group holdings hollard group king price insurance old mutual references edit rmi holdings details . bloomberg business week . bloomberg l.p. retrieved 2014 12 13 . rmih key facts . rand merchant insurance holdings . retrieved 2014 12 13 . rmih history . rand merchant insurance holdings . retrieved 2014 12 13 . a b rmb holdings limited circular to shareholders regarding the rmbh restructuring . pdf . rmb holdings limited . 3 february 2011 . retrieved 13 december 2014 . pre listing statement of rmi holdings relating to the listing of rmi holdings on the jse with effect from the commencement of business on 7 march 2011 pdf . rand merchant insurance holdings . 3 february 2011 . retrieved 13 december 2014 . rand merchant insurance makes jse debut . fin24 . fin24 . 7 march 2011 . retrieved 13 december 2014 . cairns patrick 8 february 2012 . the investment case rand merchant insurance holdings ltd . moneyweb . moneyweb holdings . retrieved 13 december 2014 . rmi to trade under new name . bdlive . 2015 01 18 . retrieved 2015 01 19 . rmih investment overview . rmih . retrieved 2016 02 29 . discovery limited 2014 annual report pdf . discovery limited . 30 june 2014 . retrieved 13 december 2014 . discovery limited . discovery limited . retrieved 2013 12 13 . mmi holdings integrated report 2013 . mmi holdings . 30 june 2013 . retrieved 13 december 2014 . mmi holdings about us . mmi holdings . retrieved 2014 12 13 . history and culture at outsurance . outsurance holdings limited . retrieved 2014 12 13 . outsurance holdings limited 2013 annual report . outsurance holdings limited . 30 june 2013 . retrieved 13 december 2014 . rmb si about us . rmb si investments proprietary limited . retrieved 2014 12 14 . rmb si strategic investments . rmb si investments proprietary limited . retrieved 2014 12 13 . rmb si group structure . rmb si investments proprietary limited . retrieved 2014 12 13 . merchant capital about us . merchant capital . retrieved 2016 01 19 . a b rand merchant insurance holdings 2015 integrated report pdf . rand merchant insurance holdings . 30 june 2015 . retrieved 20 january 2016 . external links edit rand merchant insurance holdings homepage outsurance holdings limited homepage rmb si investments proprietary limited homepage discovery limited homepage mmi holdings limited homepage youi australia youi new zealand rmb holdings homepage first rand homepage remgro retrieved from https en.wikipedia.org w index.php title rand merchant investment holdings & oldid 739359265 categories companies based in sandtoninsurance companies of south africa2010 establishments in south africacompanies established in 2010companies listed on the johannesburg stock exchangefinancial services companies of south africahidden categories engvarb from december 2014use dmy dates from december 2014articles containing potentially dated statements from june 2014all articles containing potentially dated statements navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export 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