Mutual & Federal secures R1bn deal with ONE

Andrew Harvey.

Karen Miller.

Mutual & Federal has secured a partnership with One Financial Services Holdings (Pty) Ltd (ONE) a leading short-term niche underwriter. The R1bn gross written premium deal was signed on 12 March 2015 by Andrew Harvey, Group CEO of ONE and Karen Miller, Executive for Corporate and Niche at Mutual & Federal and comes into effect on the 1st May 2015.

ONE began underwriting specialist motor business in 1996 and has developed into a highly efficient forward-thinking underwriter working closely with their broker partners to provide innovative, market-leading and cost effective solutions across all classes of business.

Andrew Harvey of ONE says: “We are proud to be associated with Mutual & Federal and are excited about the opportunities that this partnership presents.”

Karen Miller of Mutual & Federal commented: “We are very excited about the partnership with ONE given the growth and diverse product opportunities it provides. This deal reflects the multi-channel growth strategy within our Corporate and Niche Division. ONE provides access to a broader intermediary footprint, and provides client service delivery through a digital platform.”