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Our History

OUR HISTORY

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.