Insurance & Actuarial News South Africa

Bidvest Insurance partners with Compendium

Bidvest Insurance Group's recent partnership with Compendium Insurance Group will position both companies for significant growth.
Bidvest Insurance partners with Compendium
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Bidvest Insurance Group offer a wide range of insurance products, including vehicle warranties, chip and dent protection, tyre insurance, shortfall, comprehensive and commercial lines insurance, which are supported by in-house call centres situated in Durban and Johannesburg.

The new coalition with Compendium will allow for Bidvest Insurance Group to grow its own product range through the Compendium brokers as well as enable Bidvest Insurance Group to offer additional products and services such as engineering and marine insurance to name a few as part of their impressive suite of insurance products.

National footprint

The company will now have a strong national footprint through Compendium Insurance Group's offices in Durban, Port Elizabeth, Cape Town, Johannesburg, Pietermaritzburg and Richards Bay. Bidvest Insurance Group's MD, Mark Paton, is pleased to welcome the CEO of Compendium Insurance Group, Rowan Jones, and his entire staff to the Bidvest Group.

"Compendium have staff who are experts in the varying lines of business that they offer, which will complete the skills already housed in Bidvest Insurance Group. We believe there are many synergies that this partnership can unlock, as well as new business opportunities which will benefit both Compendium and Bidvest Insurance but most importantly - our customers," Paton said.

Jones said this was the beginning of an exciting and mutually beneficial partnership for everyone involved and added that this recent development would undoubtedly further establish them as industry leaders in the insurance broking space.

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