Hollard continues its rapid growth in the Australian market - its latest acquisition is Calibre Commercial Insurance.
The South African company came to Australia in 1999 and has grown consistently - earlier this year it bought American company Progressive Insurance's Australian business.
Calibre was established in 2015 following Munich Re’s acquisition of Calliden’s general insurance operations - it will remain a standalone business and brand. The acquisition is a step towards Hollard's goal of writing $1 billion in annual premium.
Calibre CEO Mike Hooton says being part of the Hollard Group will enable the business to develop. “Calibre Insurance will have the investment and backing to fulfil its ambitions in the SME commercial insurance market,” he said.
Mr Enthoven told insuranceNEWS.com.au the acquisition is a “significant step” towards Hollard’s goal of writing $1 billion in annual premium.