M U T U A L
Impressive gains
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F E D E R A L
Nearly 200 years of experience is a feat difficult to rival in any industry, let alone a relatively fast changing insurance sector which calls for the most forward-thinking, innovative and trend adhering strategies in order to succeed. With age comes experience though, and having witnessed every domain fluctuation up to this point, no Company is in a better position than Mutual & Federal to prepare for every eventuality and client requirement. “The forerunner of Mutual & Federal, the South African Fire and Life Assurance Company, first opened its doors on 14 March, 1831,” Schliesser looks back. “After trading profitably for 64 years, South African Fire and Life was then acquired by London & Lancashire which, in turn, was absorbed by the Royal Group in 1962. “In the 1960s, South Africa became a republic and the Government directed
that all branches of foreign insurance companies operating locally should be registered as South African companies and trade on the Johannesburg Stock Exchange. This conversion became known as the ‘domestication of foreign companies’.” As a result, the majority of the Royal’s businesses in South Africa merged with Old Mutual’s short-term company, the SA Mutual Fire & General Insurance Company, in 1970. Then, to assume a truly South African identity, ‘Mutual’ and ‘Federal’ elements were united to create the brand that is known today. “Mutual & Federal Insurance Company was born and the rest – as they say – is history,” affirms Schliesser. Since that moment, the Company has undergone numerous diversifications and expansions to ensure it is meeting the widest range of customer demographics possible, with as strong a service portfolio as possible.
ORO HYDE PARK JEWELLERS
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RO Hyde Park Jewellers, established in 1921, is a fourth generation family jeweller nestled in the heart of prestigious Hyde Park with 95 years of experience in both retail and wholesale jewellery design and manufacturing with a dedicated department for insurance replacements. One of the preferred Jewellery suppliers to Mutual and Federal, our objectives are to maintain a consistently high quality of workmanship and an unquestionably robust effort when sourcing and selecting our stock of precious and semiprecious stones. Our clients’ complete satisfaction is our top priority. With a talented design eye, an intrinsic sense for quality and a deep understanding of her clients’ needs, Cathy Lipman has steered the Company through many years of dynamic growth to become market leaders in the jewellery industry; manufacturing and supplying jewellery not only to the public and the insurance sector but to esteemed leaders like Nelson Mandela and Bill Clinton! Products and services • Clients are presented with a Gemological Institute of America (G.I.A) or a European Gemological Laboratory (E.G.L.) Certificate as proof of authenticity of all diamonds and precious stones. • Valuation certificates for the full replacement value of the item/s purchased. • Oro Jewellers Durban is one of the largest Indian Jewellery manufacturers in South Africa which also supplies to Indian Jewellery retailers nationwide. With plans to expand our service in the future, the desired goal of ORO Hyde Park Jewellers is to keep providing jewellery that is both unique and inspiring. T 011 325 5098 E oro@gam.co.za
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