词条 | MMI Holdings Limited | ||||||||||||||
释义 |
| name = MMI Holdings Limited | logo = | type = Public | foundation = 2010 | location = Centurion, South Africa | key_people = Johnson Njeke - Chairman Hillie Meyer - CEO | industry = Insurance & Financial services | products = Insurance and Asset Management | revenue ={{Increase}} ZAR: 28.1 billion (2014) | net_income ={{Increase}} ZAR: 3.3 billion (2014) | assets ={{Increase}} ZAR: 414 billion (2014) | equity ={{Increase}} ZAR: 25.2 billion (2014) | homepage = Homepage |traded_as = JSE:MMI |num_employees = 17,976 }}MMI Holdings Limited, commonly referred to as MMI Holdings, is a South African based financial services group that is listed on the Johannesburg Stock Exchange.[1] OverviewMMI Holdings Limited engages in long and short-term insurance, asset management, savings, investment and employee benefits through its various brands. The Group has subsidiaries in Botswana, Ghana, Gibraltar, Guernsey, Kenya, Lesotho, Mauritius, Namibia, Nigeria, UK, South Africa, Swaziland and Zambia.[2] HistoryMMI Holdings was formed in 2010 when Metropolitan Holdings and Momentum Group, two insurance and financial services companies in South Africa, merged their operations.[1] Pre-Merger HistoryMetropolitan Holdings LimitedMetropolitan was founded in 1898 as Homes Trust Limited and was later acquired by Sanlam In 1985, Metropolitan Homes Trust Life Limited changed its name to Metropolitan Life Limited (Metlife). Metlife was then listed on the JSE in 1986 and cross listed on the NSX in 1996. The group name was changed to Metropolitan Holdings Limited in 2003.[3] As at the merger date, Metropolitan Holdings was listed on the JSE. Momentum Group LimitedMomentum traces its roots from Momentum Life Assurers Limited that was established in 1966 as a life assurance company and Southern Life Association Limited that was incorporated in 1904 as African Life Assurance Society. In 1992, RMB Holdings (RMBH) acquired interest in Momentum Life Assurers Limited.[3] On April 1, 1998, Anglo American Corporation of South Africa Limited (now Anglo American plc) merged its financial services interests with RMBH in order to achieve the objective of a unified financial services grouping known as First Rand.[4] The transaction required that the business of Momentum Life Assurers Limited was transferred to the Southern Life Association Limited which was renamed FirstRand Insurance Company Limited and much later renamed Momentum Group Limited.[3] As at the merger date, Momentum Group was a wholly owned subsidiary of First Rand. In 2003 Momentum Group Limited transferred its investment in Discovery Limited to FirstRand Limited for R740 million. This stake was later on unbundled to FirstRand's shareholders including RMBH.[5] The MergerOn March 31, 2010, Metropolitan Holdings, First Rand and Momentum Group entered into a Merger Agreement that would see the amalgamation of Momentum’s business with Metropolitan.[3] FirstRand sold its entire shareholding in Momentum to Metropolitan in consideration for which Metropolitan will issue new Metropolitan ordinary shares to FirstRand.[6] This made Momentum a wholly owned subsidiary of Metropolitan. Metropolitan then transferred its insurance business to Momentum and was renamed MMI Holdings with FirstRand as the largest shareholder.[7] Post Merger HistoryOn 7 March 2011, RMB Holdings (RMBH), OwnershipThe shares of the stock of MMI Holdings are traded on the JSE, under the symbol: MMI. As at June 2014, the shareholding in the group's stock was as depicted in the table below:[2]
GovernanceMMI Holdings Limited is governed by an eighteen-person board of directors with Johnson Njeke serving as the chairman and Hillie Meyer serving as the Group Chief Executive Officer.[9] ControversiesLife insurance payout controversyMomentum Group, a subsidiary of MMI Holdings, was the subject of a national controversy in 2018 when it rejected the life insurance claim to the family of Denise Ganas. Ganas was shot and killed in an attempted hijacking. Momentum controversially refused to payout the R2.4 million claim arguing that Ganas had a previously undisclosed health condition (high blood sugar levels).[10] The resulting public outcry resulted in Momentum granting the claim to Ganas' family and discussions with the South African Financial Sector Conduct Authority so as to avoid similar situations in the future. Momentum agreed to amend its policy to payout life insurance claims up to R3 million resulting from violent crime regardless of pre-existing medical conditions.[11] See also{{columns-list|colwidth=22em|
}} References1. ^1 {{Cite web|url = http://www.mmiholdings.com/en/about-us|title = MMI Holdings Limited - About Us|date = |accessdate = 2015-03-23|website = |publisher = MMI Holdings|last = |first = }} 2. ^1 {{Cite web|url = http://mmiholdingsintegratedreport2014.com/wp-content/uploads/pdf/MMI_IR_2014_Full.pdf|title = MMI Holdings Limited - 2014 Integrated Report|date = 2014-06-30|accessdate = 2015-03-23|website = |publisher = MMI Holdings Limited|last = |first = }} 3. ^1 2 3 4 {{Cite web|url = http://www.mmiholdings.co.za/wps/wcm/connect/mmiholdings-za/b31e83c6-7e17-42ce-a27b-470664f45c0a/MMI-holdings-limited-revised-listing-particulars-september-2010.pdf?MOD=AJPERES|title = MMI Holdings Limited - Revised Listing Particulars|date = September 6, 2010|accessdate = March 27, 2010|website = |publisher = MMI Holdings Limited|last = |first = }} 4. ^{{Cite web|url=https://trade.imara.co/free/sens/disp_news.phtml?tdate=19980525093633&seq=480&scheme=imaraco |title=First Rand - Abridged Revised Listing Particulars |date=May 25, 1998 |accessdate=November 16, 2014 |website=Imara Investing in Africa |publisher=First Rand Limited |last= |first= |deadurl=yes |archiveurl=https://web.archive.org/web/20141129021219/https://trade.imara.co/free/sens/disp_news.phtml?tdate=19980525093633&seq=480&scheme=imaraco |archivedate=29 November 2014 |df= }} 5. ^{{Cite web|url = http://www.fanews.co.za/article/front-page-features/25/straight-talk/1146/rand-merchant-bank-to-top-discovery-shareholder-list/1449|title = Rand Merchant Bank to top Discovery shareholder list|date = 14 September 2007|accessdate = 2015-12-28|website = |publisher = FA News|last = Stokes|first = Gareth}} 6. ^{{Cite web|url = http://www.mmiholdings.com/wps/wcm/connect/648800d4-b071-4ad6-a0a7-a47ad0bca716/Circular+to+Metropolitan+shareholders+-+September+2010+%283%29.pdf?MOD=AJPERES|title = Metropolitan Holdings Limited - Circular to Metropolitan Shareholders|date = September 6, 2010|accessdate = March 27, 2015|website = |publisher = Metropolitan Holdings Limited|last = |first = }} 7. ^{{Cite web|url = http://www.mmiholdings.com/wps/wcm/connect/c298a352-c113-4c29-b0ba-4dfe99cf24bb/Joint+cautionary+announcement+-+31032010.pdf?MOD=AJPERES|title = Detailed cautionary announcement in relation to the proposed merger of Momentum and Metropolitan and the subsequent unbundling by FirstRand of its shares in Metropolitan|date = |accessdate = 2015-03-27|website = |publisher = MMI Holdings Limited|last = |first = }} 8. ^{{Cite web|url = http://www.rmbh.co.za/pdf/restructuring/RMBH_circular.pdf|title = RMB Holdings Limited - Circular to shareholders regarding the RMBH restructuring.|date = 3 February 2011|accessdate = 13 December 2014|website = |publisher = RMB Holdings Limited|last = |first = }} 9. ^{{Cite web|url = https://www.businesslive.co.za/bd/companies/financial-services/2018-01-16-former-momentum-md-hillie-meyer-to-replace-mmi-ceo-nicolaas-kruger/|title = Hillie Meyer to replace MMI CEO Nicolaas Kruger|date = |accessdate = 2018-02-20|website = |publisher = Business Day South Africa|last = |first = }} 10. ^{{Cite web|url=https://www.fin24.com/Companies/breaking-momentum-to-pay-out-policy-to-widow-of-slain-policy-holder-20181120|title=Momentum to pay out death benefit to widow of slain policy holder|last=|first=|date=2018-11-20|website=Fin24|archive-url=|archive-date=|dead-url=|access-date=2018-12-05}} 11. ^{{Cite web|url=https://www.fin24.com/Companies/Financial-Services/regulators-will-engage-with-insurers-following-momentum-fiasco-20181123|title=Regulators will engage with insurers following Momentum fiasco|last=|first=|date=2018-11-23|website=Fin24|archive-url=|archive-date=|dead-url=|access-date=2018-12-05}} 6 : Insurance companies of South Africa|2010 establishments in South Africa|Companies established in 2010|Companies listed on the Johannesburg Stock Exchange|Financial services companies of South Africa|Companies based in the City of Tshwane |
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