RMB Structured Insurance acquire 20% of the equity in Truffle Capital

RMB Structured Insurance (RMBSI) and Truffle Capital (Truffle) have entered into an agreement whereby RMBSI will acquire 20% of the equity in Truffle. RMBSI is a subsidiary of Rand Merchant Insurance Limited (RMI) and provides innovative long term and sh

The agreement provides RMBSI with complementary investment skills while providing institutional support to Truffle. RMBSI and Truffle will work together in relation to offering complementary long term and short term insurance products as well as investment products to their respective clients.

“RMBSI and Truffle have complementary strengths which will be mutually beneficial for RMBSI, Truffle and our clients. It provides us with another arrow in our product quiver” says Gustavo Arroyo, CEO of RMBSI.

Louis van der Merwe, one of the founding directors of Truffle says: “The transaction gives us the necessary support from RMBSI to position Truffle as the asset manager of choice and enabling us to further enhance our skill set with the growing of our talent pool. The association with RMBSI comes effortlessly and naturally due to the fact that almost all members of Truffle historically honed their skills in the RMI/RMB/FSR stables.”

CEO of RMI Peter Cooper added that: “both RMBSI and Truffle are in growth phases in their businesses and the agreement should enable both parties to accelerate their growth dramatically.”