Insurance company Hollard Insurance Company has appointed Andrew Coutts as CEO of Hollard Insure – the short-term insurance division of South Africa’s largest privately owned insurer – succeeding Nash Omar, who will be retiring on June 30.

Hollard says Omar has served the company in various capacities for the past 44 years, including as Hollard Insure CEO for more than two years.

“Nash Omar’s retirement will mark the end of an incredible chapter for Hollard. He is an insurance professional who is respected and admired by his colleagues and peers, as well as our broker partners and the industry at large. His efforts have undoubtedly been vital to the company’s growth,” says Hollard Group CEO Willie Lategan.

“As I prepare to retire, I want to thank the Hollard team for an unforgettable 44 years. I’m incredibly proud of what we’ve accomplished together. I am confident that Andrew will lead Hollard Insure into a great new era. I'm excited about the company's future,” says Omar.

Hollard notes that Coutts, a chartered accountant by training, has worked in the financial services industry for over 20 years, and has spent many years in leadership positions.

“Andrew Coutts has a strong background in insurance, making him the right fit for our broker-focused business model. We also expect to continue to leverage our local presence and global support from Tokio Marine, while creating innovative solutions for brokers and customers,” says Lategan.

“I’m excited to be joining Hollard, where each day offers the opportunity to make a meaningful impact. We can help put someone’s life back on track, rebuild businesses or support new ventures, providing tangible solutions amid uncertainty. Our work in this purpose-driven industry allows us to make a significant difference in the world,” expresses Coutts.

For his part, Hollard says Coutts is looking forward to being part of Hollard’s Group executive team, including Hollard Life Solutions CEO Besa Ruele and Hollard International CEO Pravin Kalpagé.

“The group’s leadership, purpose and values set a very strong foundation and it is a privilege to become a part of the Hollard legacy,” he says.

Lategan says Hollard Insure – a division he also once led – is fortunate to have Coutts as its leader.