A Legacy In The Making

Hollard Mozambique Insurance has fully acquired Global Alliance, incorporating it into our business group. This strategic union consolidates our presence in the Mozambican market, combines the strengths of both insurers, and demonstrates our continued commitment to investment and growth in Mozambique.

The acquisition was officially completed in April 2025, after obtaining all necessary regulatory approvals from the competent authorities in Mozambique.

This acquisition is a strategic step that:

• Expands our service capacity in the Mozambican market
• Strengthens our range of products and services
• Allows us to leverage the knowledge and experience of both companies for the benefit of our customers

There is no change to your policy. All terms, conditions, coverages, and benefits remain exactly as they are. Your existing contracts with Hollard continue to be valid and in effect without any modification.

Yes. Your relationship with your broker remains unchanged. You can continue to contact and be served by the same professional as always.

No. All service channels remain the same:

• Same telephone numbers
• Same email addresses
• Same branch offices
• Same operational procedures

No. The acquisition has no impact on premiums for existing policies. Any future revisions will follow normal renewal procedures, independent of this acquisition.

The claims management process remains unchanged. Continue to report and track your claims exactly as you have always done, through the same channels and following the same procedures.

In the medium and long term, we anticipate:

• Greater technical and financial capacity
• Optimized and more efficient processes
• Possibility of new solutions tailored to your needs

At this time, both companies will continue to operate their current product portfolios normally. We are in the initial phase of integration, and any future changes to our product offerings will be carefully planned, always aiming to best meet the needs of our customers. We will communicate any relevant changes that may occur well in advance.

We are committed to maintaining transparent and timely communication through:

• Email and/or SMS to your registered contacts
• Information via your broker
• Updates on our official channels (website and social media)
• Formal correspondence when necessary

For additional inquiries:

• Contact your regular broker
• Email us: info@hollard.co.mz
• Visit any Hollard Mozambique branch in Maputo, Beira, Tete, or Nacala
• Check our website: www.hollard.co.mz

For questions related to your specific policy, continue to contact your broker or your point of contact at Hollard through the usual channels. We are fully available to provide you with all necessary information and assistance.

Hollard Mozambique is part of the Hollard Group, with access to a huge selection of international insurance partners, reinsurance partners and underwriters. Hollard Mozambique has 24 years of experience, understanding local conditions and building relationships across Mozambique.

The acquisition of Global Alliance Seguros aligns with our strategic vision to strengthen our market presence and enhance our service offerings. We see substantial growth opportunities by combining our strengths, which will enable us to better serve our customers and drive innovation within the insurance sector.

Hollard Seguros is pleased to announce the completion of its acquisition of Global Alliance Seguros in Mozambique. This is a full acquisition, not a merger, meaning Global Alliance Seguros will become part of the Hollard Group’s established presence in the country.

The transaction has received all necessary in-country regulatory approvals from both the Competition Regulatory Authority (ARC) and the Insurance Supervision Institute of Mozambique (ISSM), with no opposition raised and all legal requirements being fully satisfied.

This is an acquisition, not a merger. In an acquisition, the parent company takes control of the acquired company and both legal entities can continue to jointly co-exist. This differs from a merger, where two companies combine to create a new entity, often with a new name and identity. 

In this case, Hollard has acquired Global Alliance, become its parent company while maintaining both legal entities as we work towards future integration under the Hollard brand.

Hollard International is strategically expanding its footprint across Southern Africa, solidifying its position as a leading pan-African insurance group. This acquisition allows it to serve a wider client base and offer its innovative insurance solutions to new markets.

With the acquisition phase now complete, we have successfully concluded all critical stages of this process. The journey began with initial negotiations between both parties, followed by a comprehensive due diligence process.

After signing the Share Purchase Agreement (SPA), we proceeded with obtaining the required regulatory approvals from both the Competition Regulatory Authority (ARC) and the Insurance Supervision Institute of Mozambique (ISSM).

With all legal and regulatory requirements fully satisfied, we have now reached the closing of the transaction, marking the effective transfer of ownership.

Our direction, our passion is to secure the Mozambican market and create better futures for more people. We are in this market to stay, and we do everything we can to improve our capacity, improve our strategy and contribute to growth for the benefit of Mozambicans.

Our employees are Hollard’s greatest asset, and we are committed to preserving jobs and retaining skills. Our goal is to create a unified team that leverages the expertise of both companies. We will ensure clear communication and support throughout the transition, emerging stronger and more unified.

While both companies will initially maintain their current operations and names, we will ultimately continue under the Hollard brand, building on our established reputation in the Mozambican market.

This decision aligns with our long-term strategy of creating a unified, stronger insurance provider. This approach allows us to leverage Hollard’s strong market presence while carefully integrating the valuable expertise and capabilities that Global Alliance brings to our organisation.

Integration is a complex and dynamic process that requires careful planning and execution. We have structured a comprehensive timeline spanning 6-12 months to ensure a smooth transition. We are well-positioned for efficient integration as both Hollard and Global Alliance share the same technological service provider, which will significantly streamline our systems alignment.

Our newly appointed executive committee will oversee this transition, following a comprehensive integration plan that prioritises business continuity while systematically combining our operations, teams and processes. Throughout this journey, our focus remains on maintaining service excellence while capturing the synergies that will make us a stronger organisation.

While we have established this timeline, we are committed to proceeding at a pace that ensures quality and stability at every step, preserving the strengths of both organisations as we move forward together.

Hollard is dedicated to minimising any disruption and addressing any concerns. Customers have been kept updated and their concerns have been taking into account. We will continue to engage customers through our brokers and distribution partners.

By consolidating our balance sheet and increasing our underwriting capacity, the combined company will be better equipped to retain more risk and promote more local underwriting in Mozambique. Our customers will enjoy our products and services, improved customer service and access to a broader network of resources.

This acquisition enables us to leverage the strengths of both companies, providing more comprehensive and competitive insurance solutions to our customers.

Maintaining high service quality is a top priority. Hollard has a dedicated integration team to ensure seamless operations during the transition. We will also gather feedback from customers to address any issues promptly and effectively.

We expect a harmonisation of the two companies’ practices. It is natural that there will be some adjustment, but nothing that is not in line with what is already done by either company.

Whether GA or a Hollard customer, you are invited to contact your broker or distribution partner, such as a bank or a branch of GA or Hollard, for assistance.

Mozambique has a low level of financial and insurance penetration, with less than 2% of the population insured. The insurance sector contributes less than 2% to the country’s GDP, compared to over 5% in neighbouring countries.

Hollard has been working to expand insurance coverage, particularly through initiatives in agricultural insurance and credit guarantees, which help increase inclusivity and support lending in under-served sectors such as agriculture. Through this acquisition, we aim to reach a wider range of clients, to be more inclusive, insuring entities that would not typically have insurance.

Hollard’s premiums are based on the risk covered. We are committed to providing fair value, and our goal is to raise awareness about the importance of insurance and the benefits it offers.

Hollard is fully committed to ethical business practices and regulatory compliance. We welcome competitive pricing that offers customers the best possible value and will work closely with regulators to ensure that our market influence supports, rather than distorts, a competitive environment. Our primary focus remains on delivering customer value and upholding fair competition.

This acquisition is a key component of our long-term strategy to grow our market share and strengthen the benchmark we set in the insurance industry.

Hollard is keeping the transaction value confidential to respect all parties involved. We are excited about the potential this acquisition brings to Mozambique and are committed to transparently sharing the tangible benefits as they materialise.

This acquisition represents a substantial investment, expected to yield significant long-term financial benefits. The combined resources and market reach will strengthen our revenue streams and profitability, driving sustainable growth.