Our HistoryOur history in short
Compass Insurance opened its doors in July 1994. In 2001, Hannover Re Africa, a subsidiary of the international operation, recognised the possibilities of Compass's innovative and unique outsource philosophy and acquired the full share capital of Compass Insurance Company Limited.
Hannover Reinsurance Group Africa (Pty) Ltd., was founded in 1966 and is now one of Africa's largest reinsurers. It is a diversified reinsurance group, combining the security and expertise of European professionals with traditional South African values.
Hannover Re is a leading player in the classes of business traditionally requiring significant reinsurance support, (fire and catastrophe excess loss) and Hannover Reinsurance Group Africa conducts Property / Casualty Reinsurance, Life / Health Reinsurance and Speciality Business.
This innovative way of thinking perfectly matches Compass Insurance's own ground-breaking outsource philosophy.