A Brief History
Hospitality Industrial Commercial Underwriting Managers Pty Ltd (HIC) was initially established as Hospitality Industries Underwriting Consultants (Pty) Ltd (HIU) in 1998 as a joint venture between Allianz Insurance Company Ltd and Lireas Holdings (Pty) Ltd, a subsidiary of Hannover Re Africa Limited.
The then HIU identified the demand for structured asset protection and risk management solutions to all the many segments comprising the hospitality industry. In 2009 HIU expanded into all areas of the general commercial and industrial underwriting arena without losing focus on their specialist hospitality underwriting business. As a result of this expansion HIC - Hospitality Industrial Commercial Underwriting Managers – was launched on 1 September 2010 thereby encompassing all product offering.
Since 1998, HIC has grown to a staff compliment of over 40 with branches in Johannesburg, Kloof (KZN), Nelspruit and Cape Town, and satellite offices in Port Elizabeth, Polokwane, Bloemfontein and Pretoria.
In June 2012 HIC was awarded the prestigious FIA Underwriting Manager of the Year award. Part of our Company Mission is to provide excellent customer service to our brokers and it was with pride that we received this recognition.
In 2007, HIC saw a new shareholding partner in the form of SUM Holdings (Pty) Ltd, the shareholders of which are Rory Gainsford and Lireas Holdings (Pty) Ltd headed by Val Hayter. In January 2009 Denleigh Wilensky, Executive Director of HIC, became a shareholder. At the helm of HIC is the Executive Chairman, Rory Gainsford and Executive Director, Denleigh Wilensky.
To be respected by the insurance market and our clients as being the foremost, or leading, underwriter to the Hospitality and Commercial & Industrial Sector.
- To employ and develop skilled staff in delivering excellent customer service.
- To innovate and develop a comprehensive range of products, providing clients with the opportunity of alternative, customised risk management solutions.
- To provide profitable results for our business partners, ensuring sustainability.