Our Story
Since 1999, Compendium Insurance Brokers has made life easier by helping people manage risk in the midst of uncertainty. With policies tailormade to your needs, we’ll show you how to safeguard your assets, your business, your family and your legacy. In a world that’s changing faster every day, Compendium continues to evolve and innovate to make sure you will never get left behind.
It’s feel good insurance at its best.
Compendium is committed to growing its profits and its market share, but not at the expense of any of its cherished values. Compendium will grow at a responsible pace in its selected market segments and will always aim to be the BEST, not necessarily the biggest.
To always remember that we’re in business because of our customers.
To provide tailored, innovative and affordable financial solutions to select market segments, including individuals and businesses ranging from small enterprises to large corporations.
To establish a national network of like-minded brokerages that provides us with the leverage to deliver competitive packages to our clients, whilst retaining the personal touch that is the essence of our customer service.
To pursue growth so we are big enough to count, but at heart always remain small enough to care.
To provide added value to our clients by adopting the latest technology and methodologies.
To establish and nurture long-lasting, mutually beneficial relationships with clients and suppliers alike.
To demonstrate honesty, integrity and professionalism in all we do.
To foster an enjoyable work environment based on mutual respect and common purpose.
To make sure you always feel good about your insurance.
THE HISTORY OF OUR BRILLIANT FUTURE
It’s not where we’ve been that matters as much as where we’re going. But looking back, Compendium Insurance is a concept a long time coming. From small beginnings, today Compendium Insurance has the size and leverage to do more for its clients.
Here is a brief overview of our past and our present.
1928 LA Fletcher founded in Durban as a chief agent for the SA Eagle Insurance Company.
1951 Brokerage Messrs. William Nagel Pty (ltd) was founded.
1961 Durco Insurance Brokers established.
1981 Jack Wood & Associates Pty (ltd) acquires the Nagel and Durco Companies.
1994 After one year with the firm, Rowan Jones takes over the helm and becomes a major shareholder in Jack Wood & associates.
1995 The company acquires Mariger Insurance Brokers and Insurance Solutions.
1997 The name changes to Jones Wood & associates. The company acquires LA Fletcher and Group Insurance Brokers.
1999 Two major strategic acquisitions, Geoff Patterson Insurance Brokers and David Pickford and Associates, leads to the establishment of Compendium Insurance Group (Pty) Ltd on 1 November 1999.
2001 Compendium acquires Jaguar Insurance Brokers.
2002 Hollard Insurance Company takes a shareholding in the rapidly expanding Compendium Insurance Group.
2003 Natal Broker Services comes on board.
2004 Compendium acquires a shareholding in MR Woollam & Associates Pty (Ltd), a Pietermaritzburg based brokerage with a Cape Town Office.
2004 Compendium Insurance Group becomes FAIS compliant in accordance with prevailing legislation.
2010 Compendium acquires NFS Insurance Brokers & Homeplus Insurance Brokers.
2010 Several brokerages join the Compendium Group, adding to the company’s growing national footprint.
– Compendium Insurance Brokers Eastern Cape (Pty) Ltd, formerly Hunter Insurance Brokers (Pty) Ltd
– Compendium Insurance Brokers Zululand (Pty) Ltd, formerly HW Brokers (Pty) Ltd
– Compendium Insurance Brokers Gauteng (Pty) Ltd & Diane Jack
2014 Compendium became Proudly Bidvest on 1 July 2014 when Bidvest Insurance Group (Pty) Ltd purchased shares in our holding company, Compendium Group Investment Holdings (Pty) Ltd.
2014 MR Woollam & Associates (Pty) Ltd changes its name and separates into Compendium Insurance Brokers Pietermaritzburg (Pty) Ltd and Compendium Insurance Brokers Cape Town (Pty) Ltd.
2015 Compendium Insurance Group changed their name to Compendium Insurance Brokers (Pty) Ltd.
2015 Compendium acquires Taxi & Transport Insurance Brokers, a specialist in taxi insurance.
2015 Durban branch acquires business from iCycle, a specialist bicycle insurance broker.
2017 Port Elizabeth branch acquires Albany Insurance Agency.
2017 Compendium acquires a majority shareholding in Edge Insurance Brokers,Gauteng.
2018 Durban, Gauteng, EC, PMB and CT merge to form our superbroker under Compendium Insurance Brokers (Pty) Ltd.
2018 Compendium acquired Risk Management Solutions as part of the group and now forms part of Cignet Administration Services (Pty) Ltd.
2019 Compendium acquired 100% of the shareholding in Portdem (Pty) Ltd trading as Commercial Consultants Insurance Brokers.
2019 Compendium acquired the business of MTC Brokers CC.
2019 Compendium acquired 100% of the shareholding in GL Broking Enterprises (Pty) Ltd trading as Gary Leech Insurance Brokers.
2019 Compendium acquired 100% of the shareholding in Edge Insurance Brokers (Pty) Ltd
2019 Compendium acquired 100% of the shareholding in Taxi & Transport Insurance Brokers (Pty) Ltd
2020 Compendium acquired the majority shareholding in Genesis Insurance Brokers KZN (Pty) Ltd
