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For 45 years we’ve been insuring what you’ve worked for.
The things that make you proud.

As the largest empowered short-term insurer
in South Africa
we understand that and pride what’s important to you.

 Our Coverage

Insurance is there to protect you during your time of need. To get you back on your feet after the unexpected happens. This is where we come in.

We provide over 20 classes of insurance protection to individuals and businesses operating in the country and in the wider SADC region.

Our distribution model is centred on brokers and underwriting intermediaries, and over a 45 year period we’ve consistently delivered superior service through our wide range of cover provided, our underwriters’ expertise, and in particular our flexibility and strong client-centric ethos. This is how we differentiate ourselves.

Under this diversified portfolio of insurance, the scope of customer we cover is also wide-ranging, from individuals to sole traders, from construction contractors to goods in transit, and from corporates to wildlife specialists.

NNAC boasts a countrywide footprint, but our beginnings were more modest.

The roots of our company date back as early as 1930 when the New India Assurance Company, one of the subcontinent’s largest insurers, established a branch in Natal. Later, during the apartheid era, a group of forward-thinking black businessmen took over the ownership and running of the company, which was formally incorporated in 1971 as the New India Assurance Company of South Africa.

During the eventual transition to democracy which began to take shape from 1990 onwards, the shareholders decided to change the name to New National Assurance Company (NNAC), to reflect the changing political realities sweeping through the land and which carried with it latent economic opportunities for people of disadvantaged backgrounds.

The company has thus evolved from a regional player into a national one, capable of underwriting sizeable risks in excess of ZAR 1 bn before the need to access local and international facultative markets.

Our Roots

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Our Board of Directors
are much like an African
Council of Elders; they are
there to advise, to probe, to
offer guidance and to steer.

Our Directors are drawn from diverse backgrounds, chosen not only for their wide range of corporate experience but crucially for their shared passion for the company.

In line with our corporate value system of mutual respect, rigour and loyalty, many Directors have had a long-serving association with the Company although this has been balanced with the introduction of several new members to the Board, to ensure that it remains dynamic.

As of 2016, the Board comprised of 3 executive and 5 non-executive members, who all collectively determined the major policies and overall strategy of NNAC.

New National is chaired by David Reeves, with the Managing Director being Mahmoud Rajab. Colin van der Meulen is the Head of the Risk Committee, and Zameera Ally is Head of the Audit Committee. The Board and sub-Committees meet formally a minimum of once every quarter.

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Mahmoud (Mamoo) Rajab
Managing Director
B.Comm. LL.B (SA)
Director since: 1985
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Gony Pillay
Financial Director
B.Compt., B.Comm (Hons)
Director since: 2005
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Kalim Rajab
Strategic Director
B.Bus Sci. (UCT), MBA (Oxon.)
Director since: 2008
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Colin van der Meulen
Non-Executive Director; Chairman of Risk Committee
FASSA, B Bus Sc. (UCT)
Director since: 2014
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David F. Reeves
Non-Executive Chairman
C.A. (SA)
Director since: 1993
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Bongani Tembe
Non-Executive Director
MA Music (Juilliard)
Director since: 2004
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Nandi Mandela
Non-Executive Director
B Soc Sc (UCT) AIM (UCT)
Director since: 2014
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Eshu Seevnarayan
Non-Executive Director
Director since:
1997

Our Senior Management team is responsible
for the efficient day-to-day running of our
operations, and consists of executives from
our Durban and Johannesburg offices.

We see it as a great blend of youth and wisdom, of energy and prudence.
Together, the team has a common goal- to see NNAC expanding sustainably,
in a way where we forge ever deeper partnerships.

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Gony Pillay
Financial Director
B.Compt., B.Comm (Hons)
Director since: 2005
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Kalim Rajab
Strategic Director
B.Bus Sci. (UCT), MBA (Oxon.)
Director since: 2008
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Vedanth Ori
Head - Finance and Administration
B.Acc (Natal)
AA Scholarship (Munich Re)
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Chevonne Kaye
Head - Reinsurance & Technical
BSc Actuarial Science (UKZN)