Principal
Garagesure underwrites on behalf of Compass Insurance Company Limited (“Compass Insure”). Compass Insure is a niche insurer that delivers insurance solutions through a dedicated partner eco-system of Underwriting Managers, InsureTech companies and insurance broker networks. The Global Credit Rating has affirmed the national scale claims paying ability rating assigned to Compass Insure of AA-(ZA).
Shareholders
Lireas Holdings (Pty) Ltd, the investment arm of Hannover Re, is the majority shareholder of Garagesure Consultants & Acceptances.
Reinsurer
Hannover Reinsurance Group Africa is the holding company for the P&C (Hannover Reinsurance Africa), Life (Hannover Life Reassurance Africa), Speciality insurance (Compass) and Strategic Investment (Lireas Holdings) operations of Hannover Rückversicherung AG in Southern Africa.
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Underwritten by Compass Insurance Company Limited, a registered short-term insurer and financial services provider (FSP: 12148)