Bryte Insurance Acquires Specialist Insurance Expert, Holmes Underwriting Agency

  • Acquisition to augment Bryte’s Jewellery, Fine Art & Specie Division

Johannesburg, South Africa – 1 December 2017: Bryte Insurance Company Limited (Bryte), a proactive business risk specialist announces its acquisition of Holmes Underwriting Agency (HUA), a specie insurance expert and independent coverholder at Lloyd’s of London.

“HUA’s deep specialist knowledge and expertise will certainly enhance Bryte’s current value proposition, specifically within our Jewellery, Fine Art & Specie Division,” said Edwyn O’Neill, CEO at Bryte. “HUA’s experience across a diverse portfolio of commercial customers, and its proven ability to effectively manage customer exposure in a shifting risk environment, also aligns perfectly to our business philosophy.”

A focus on establishing partnerships that deliver mutual value and customer excellence at every touchpoint, is an important aspect of Bryte’s business strategy. Accordingly, this acquisition is aimed at further accelerating Bryte’s growth ambitions; expanding access to wider markets, capabilities and networks that enable more inclusive risk management solutions for businesses.

“It is a great privilege for HUA to be joining the Bryte family. Bryte comprehensively understands the evolving risk landscape, has made immense strides in proactively managing customer risk, and is respected in the industry for its emphasis on unparalleled customer service and niche, tailormade insurance solutions,” said Alistair Holmes, Director at HUA.

HUA will be integrated into Bryte’s Jewellery, Fine Art & Specie Division with effect from 1 December 2017. The policies of existing HUA customers will not be impacted by the acquisition.