Compass

Compass Insurance Company Limited is a South African, short term insurer. Compass is wholly owned by Hannover Re Africa, a subsidiary of Hannover Re Germany, one of the largest reinsurers in the world.

Compass employs a unique model, working strictly through underwriting agencies utilising brokers as the only distribution channel. The Compass approach is to focus on insurance needs where specialist expertise can be offered by underwriting agencies who deliver real security to clients.

Compass has established a strong track record through the ability to pay and settle claims, with an A+ Global Credit rating. Compass has a strong focus on risk management which is achieved through long-term partnerships with highly rated reinsurance companies.
 

Our offering is given impetus by the company we keep. We are proud of our associations with Compass Insurance, Hannover Re, Lireas Holdings and Mahogany Private Equity.

 

Brokers benefit from the strong financial relationship that exists between MUA and Compass, knowing that their clients are assured of the best of both worlds. This is achieved through a business model that enable each of us to contribute our unique offering in our specialist knowledge and expertise of our focus – a service that cannot be matched elsewhere in the market.

 

MUA and Compass benefit further from our association with our international shareholder, Hannover Re. On our own, we will each only be seen as specialists in a few areas.

 

As a united offering, we represent a unique blend of skills and expertise that equip us sufficiently and enable us to compete against traditional players in the market.