SUB CATEGORIES General |  Networks |  PROpulsion | 

Diagonal turns 30

30 March 2005 Michelle Schreuder

There are only a few independent companies that have stood the test of time and are still around to celebrate their 30th birthday.

Wescol Brokers, now trading as Diagonal Broker Network (Diagonal), is such a company which started out as a small Group scheme Broker in 1975, later purchased by the Oosthuizen Family and developed into one of the largest independent intermediaries in the country.

During the birthday function, the chairman of Diagonal, Ockie Oosthuizen took everybody back to 1991 when the company was purchased by him as a very small and insignificant company and elaborated on the growing years of the company up to today as one of the largest Independent Short-term Insurance Intermediaries in the market and a force to reckon with.

Oosthuizen also paid tribute to all his partners, associates and friends and especially to Mutual and Federal, Diagonal’s main personal lines carrier for the past five years who have stood with the company through thick and thin. He also acknowledged the many Independent Brokers and other Network Partners who supported Diagonal over the years.

Bruce Campbell, MD of Mutual and Federal, with whom the company had a relationship for most of the past thirty years, paid a special tribute to Diagonal and congratulated Diagonal on it’s 30th anniversary, in his speech at the function.
When asked what has led to the company’s success, the CEO, Pim Bangert said that the company actually live and breathe it’s core values of Trust, Respect, Excellence, Accountability and Teamwork. In addition we adhere very strictly to the Cultural values of Passion, Accountability, Competence and Excellence.

The Chairman added that the success of the organisation over the past 30 years can be attributed to their competent people, excellent service to their clients and their ability to develop tailor-made products. Diagonal has also investigated in their people. All the staff has successfully completed 30 credits for Fit and Proper training as require by the FAIS Act.

“Another key factor for Diagonal’s success was the fact that we, throughout the years, conducted our business on a personalised Face to Face basis with our clients, therefore building on a bond of Trust, Integrity, and Pease of mind.” said Oosthuizen.

Diagonal was licensed in 2004 as a Registered Financial Services provider (FSP) in terms of the Financial Advisory and Intermediary Services Act (FAIS). The receipt of the license was the culmination of twenty nine years operating as a intermediary, fourteen under the leadership and guidance of the chairman, Ockie and Susan Oosthuizen.

“We are on the brink of new beginnings and exciting developments. We will continue to provide excellent service to our clients and we will be on the forefront with the development of our people. Together with our new vision, like the Franchise initiative, we believe that we can build the Diagonal family to the biggest and most successful Independent Intermediary Organization in the business” concludes Oosthuizen.

Quick Polls


Which aspect do you think is most critical for the future success of financial advisory firms?


Embracing technological advancements
Rethinking fee structures
Focusing on inter-generational wealth transfer
fanews magazine
FAnews June 2024 Get the latest issue of FAnews

This month's headlines

Understanding prescription in claims for professional negligence
Climate change… the single biggest risk facing insurers
Insuring the unpredictable: 2024 global election risks
Financial advice crucial as clients’ Life policy premiums rise sharply
Guiding clients through the Two-Pot Retirement System
There is diversification, and true diversification – choose wisely
Decoding the shift in investment patterns
Subscribe now