Hollard’s Bond of Security cover stands firm as other insurers reconsider their niche offerings

Hollard is one of only a few short-term insurers in South Africa to cover the fiduciary and insolvency sectors of the financial service industry, says Hollard’s Joint Head of Court Bonds, Chris Troskie.

The insurance industry has taken several knocks in recent years. In South Africa, this is particularly so because of the floods in KwaZulu-Natal and the Eastern Cape this year, the riots and looting that took place in July 2021, and the local impacts of global logistics snarl-ups and the COVID-19 pandemic. This has led to some short-term insurers having to find ways to cut costs by closing specialist business units.

“This is a niche area of insurance, covered by fewer and fewer insurers, but Hollard Court Bonds is active in this area, and ready to look at covering risk,” says Troskie. “We do underwrite every risk, but once cover is approved our customers can enjoy the protection and service of an industry-leading insurer.”

The team at Hollard Court Bonds are experts in the insurance needs of attorneys, accountants, trustees, executors, curators and liquidators who are involved in the complex actions required to wind up an estate, manage a liquidation, administer a trust or provide other specialist fiduciary services.

Hollard Court Bonds can deliver efficient turnaround times, in providing guarantees to the fiduciary industry, including:

Executor bonds
Trustee bonds
Curator bonds
Liquidation bonds

For more information, visit https://www.hollard.co.za/business-insurance/specialist-sector-insurance/court-bonds