OUTsurance Holdings

OUTsurance was launched on 28 February 1998 as a wholly owned subsidiary of RMB Holdings to provide short-term insurance to individuals. On 1 January 2000, OUTsurance acquired the First National Insurance group (FNI) from FirstRand in an all share deal that gave RMBH and FirstRand each an interest of 47.5% in the merged entity, with 5% being held by the staff trust. By virtue of its shareholding in FirstRand, RMBH has 59.4% control in OUTsurance. 2006 saw OUTsurance expand into Namibia with the launch of OUTsurance Insurance Company of Namibia in partnership with FNB Namibia. In 2008 the group launched Youi in Australia, making it the first African company to set up an insurance business in Australia. and separately listing it on the JSE. The stake held in OUTsurance Holding by both RMB Holdings and FirstRand were thus taken up by RMI Holdings which was then listed it on the JSE by way of introduction. This made OUTsurance Holding a subsidiary of RMI Holdings. In July 2014, OUTsurance expanded into New Zealand with the launch of Youi New Zealand, as a subsidiary of Youi Australia. In May 2024, OUTsurance Ireland was launched offering short-term personal lines insurance. == Member companies ==

Companies that make up OUTsurance Holdings include but are not limited to: • OUTsurance Insurance Company – South Africa – 100% Shareholding – Offering General Insurance and other short-term insurance products. • OUTsurance Life Insurance Company – South Africa – 100% Shareholding – Offering life and funeral insurance to the South African public. • OUTsurance International Holdings – South Africa – 100% Shareholding – A holding company for non-South African investments. • OUTsurance Shared Services – South Africa – 100% Shareholding – A shared service company for the group. • OUTsurance Properties – South Africa – 100% Shareholding – A property ownership company. • Youi Holdings Pty Ltd – Australia – 93% Shareholding – A holding company for Australasia investments. • Youi (Proprietary) Limited – Australia – 94.6% Shareholding –Offering General Insurance • CloudBadger Technologies Pty Limited – South Africa – 48% Shareholding == Ownership ==

OUTsurance Holdings is an unlisted public company. As at May 31 2024, the shareholding in the group's stock was as depicted in the table below: == Governance ==

OUTsurance Holdings is governed by a board of directors with Herman Bosman as the chairman with Marthinus Visser as chief executive officer. Laurie Dippenaar retired from the board and his position as the chairman with effect 1 July 2020. He was replaced by Herman Bosman as the chairman, who is supported by a lead independent director, Kubandiran Pillay. == See also ==