OUTsurance Namibia has been rebranded to FNB Insurance following its 100% acquisition by FirstRand Namibia.
The rebranding of the short-term insurer comes after the listed financial services group received the prerequisite regulatory approvals for the deal.
“FirstRand Namibia’s vision is to help build a globally competitive Namibia. To do this, we need to constantly find ways to make life easier for customers, while also creating access to opportunities for growth. New business investment locally is good for us as a country, and an encouragement for others to do the same,” said FirstRand Namibia CEO Conrad Dempsey.
“At FirstRand Namibia, across all our brands, FNB, RMB, and Ashburton, we place a heavy emphasis on being innovative, being a trusted partner, and offering value for money. While it’s ‘out with the old and in with the new,’ the FNB Short Term Insurance team has the experience and expertise to ensure customers will still receive the best of the old – easy direct access to insurance, while also delivering a fresh approach to insurance cover,†Dempsey added.
FNB Insurance CEO Georg Garrels said the name change will not affect existing customer policies, customer OUTbonus values, or customers’ monthly premiums.
“For our existing customers, the transition is seamless – a new name, but the same values focused on our customers and the communities in which we operate. Going forward, FNB Short Term Insurance will be known for our strong customer relationships, our responsiveness and innovative products, and quality service. We are excited to continue to work closely with many long-standing customers, as well as new customers – new customers who we look forward to welcoming and serving in our own easy and unique way,†Garrels said.
“Going forward, we will be adding value through additional value-added services to maximize returns for our customers, stakeholders, and shareholders.”
FirstRand Namibia’s portfolio of financial services businesses includes FNB Namibia, RMB Namibia, WesBank Namibia, Ashburton Investments Namibia, and PointBreak Wealth Management.
