Our partner Hollard
Hollard is a global financial services business with operations in Australia, Africa, Europe, India, China and the United States.
Hollard Australia started from humble beginnings over 15 years ago with current Managing Director of Hollard Holdings Australia, Richard Enthoven. As a pioneer in the Australian market, the business was able to draw on the remarkable 20-year history of insurance innovation of Hollard in the South African market.
Hollard entered the Australian market in 1999 and protects the assets and quality of life of over 700,000 Australian clients. Internationally, the Hollard Group provides a wide range of insurance products and services to more than 7.2 million policyholders.
Hollard’s unique business model and partnership philosophy have quickly established Hollard as the partner of choice for many of Australia’s leading underwriting agencies and independent insurance brokers, financial institutions and retailers.
Hollard is licensed by the Reserve Bank of New Zealand (RBNZ). It is also authorised by the Australian Prudential Regulation Authority (APRA) and holds an Australian Financial Services Licence issued by the Australian Securities and Investment Commission.
Visit www.hollard.com.au for more information.
“Ando was just the opportunity Hollard were waiting for to enter the New Zealand market; the right partner, the right expertise and the right people.”
Richard Enthoven
Managing Director, Hollard Holdings Australia
The Financial Strength Rating of our partner Hollard
Ando writes business on behalf of The Hollard Insurance Company Pty Ltd.
The Hollard Insurance Company Pty Ltd has a financial strength rating of A (Strong) issued by Standard and Poor’s.
- The rating scale is:
- AAA Extremely Strong
- AA Very Strong
- A Strong
- BBB Good
- BB Marginal
- B Weak
- CCC Very Weak
- CC Extremely Weak
- C Selective Default
- D Default
Further information on these ratings is available at www.standardandpoors.com
An overseas policyholder preference applies. Under Australian Law, if The Hollard Insurance Company Pty Ltd is wound up, its assets in Australia must be applied to its Australian liabilities before they can be applied to overseas liabilities. To this extent, New Zealand policyholders may not be able to rely on The Hollard Insurance Company Pty Ltd's Australian assets to satisfy New Zealand liabilities.
Solvency Margin
As at 30 June 2023, Hollard’s solvency as filed with the Australian Prudential Regulation Authority is as follows:
| June 2023 | $m, AUD |
|---|---|
| Actual solvency capital | 429 |
| Minimum solvency capital | 327 |
| Solvency margin | 102 |
| Solvency ratio | 1.31 |
Fair Insurance Code
The Hollard Insurance Company Pty Ltd is a member of the Insurance Council of New Zealand and its New Zealand partners adhere to the Fair Insurance Code, which provides you with assurance that they have high standards of service to their customers.You can access a copy of the code here.
