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Mutual & Federal Agri offices have moved

Published

2011

Wed

20

Jul

The Agricultural offices of Mutual & Federal, a member of the Old Mutual Group, have found a new home.

 

“We have moved our offices closer to those of our business partners in Pretoria. This reaffirms the growth and position of Mutual & Federal as an agricultural short-term insurer and solidifies our commitment to these partners,” says Andries Wiese, Group Manager for Agriculture at Mutual & Federal.

 

The Mutual & Federal Agricultural department, previously situated at 536 Schoemanstraat, Block C, Arcadia, is now located at building number 14 at the Boardwalk Office Park in 107 Haymeadow Street, Faerie Glen, Pretoria.

 

Their new contact number is (012) 999-9500.

 

“We are very excited about the move which will result in more on-site resources and facilities than we’ve had before, benefitting a better work environment for our employees and enhanced client service capabilities. We look forward to welcoming our clients and brokers to the new office” concludes Wiese.

 

Mutual & Federal is one of the leading short-term insurers in southern Africa.

 
Source: The Firehouse Communications
 
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Funds Withheld:

The situation in which a ceding company retains a deposit of the premium due to reinsurer’s. It withholds a portion of the premiums due as a guarantee that a reinsurer will meet its loss and other obligations. Also referred to as deposits retained. Funds withheld is one way of putting the security in place for foreign reinsurance to be regarded as approved reinsurance under both of the Insurance Acts.
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