Top facts about Lireas
  • Lireas was one of the pioneers of the underwriting agency model in the South African market.
  • The name ‘Lireas’ comes from ‘li’ = life and ‘reas’ = reassurance as it started as a holding company for Hollandia Life.
  • Lireas celebrated 25 years as an investor in underwriting agencies in 2013.
  • During the company’s 25 year history, we have invested in over 40 underwriting agencies. We take pride in being a founding shareholder in the majority of our current investments
  • Our business model has been replicated in the global Hannover Re Group through Funis and Inter-Hannover.
  • Our unique selling proposition: provision of loan capital; access to friendly insurance licenses and reinsurance capacity through
    Hannover Re.
  • We partner with various, highly regarded insurance licenses including Compass, Hollard, M&F and Guardrisk.
  • Lireas’ underwriting agencies contribute almost 60% of Hannover Re Africa’s premium.
  • The combined premium of all our companies was over R2.5bn in 2012.
  • Through its investment in more than 40 entrepreneurial businesses over the years, Lireas has created more than 1000 jobs directly in the insurance industry.
  • Lireas invests in people, not elaborate business plans.