The Board of RMA, a company ranked in the top 10 short-term insurance providers in South Africa, is pleased to announce the appointment of experienced financial services specialist, Thabo Dloti, as an independent non-executive director and as the chairman.
Having spent his career in a number of senior executive and board positions at Old Mutual and Liberty, 49-year- old Dloti has a proud and extensive track record in the financial services industry. Before joining the RMA Board, Dloti was CEO of the Liberty Group and Stanlib, and Group Chief Executive at Old Mutual Investment Group SA.
Over the coming months, Dloti will be stepping into the shoes of retiring chairman, Dr Vincent Maphai, who has led the Board of RMA for over 11 years
RMA is a 123-year- old company and is licenced by the Department of Labour to underwrite and administer workers’ compensation benefits for the mining, iron, metal and steel industries in South Africa. It is rated among the top 10 short-term insurers in South Africa, and last year was listed as the fastest growing mutual insurer in the world in 2015 according to The Global 500 Report compiled by the International Cooperative and Mutual Insurance Federation (ICMIF).
“RMA is at an interesting juncture in its growth path and we are therefore delighted to have Dloti joining us at helm of the RMA Board and look forward to the fresh skills, expertise and vision that he brings. I have no doubt that we can expect to continue to flourish under his guidance and direction,” says RMA CEO, Jay Singh.
“His passion for developing people through education, and sponsorship of various education upliftment and mentorship initiatives demonstrates his good fit with our company values and our ongoing commitment to Caring, Compassionate, Compensation,” concludes Singh.
Commenting on his appointment to the RMA Board, Dloti said he sees much promise in RMA and believes it can play an even bigger role within the worker’s compensation space, and in the insurance sector as a whole.
“RMA is a company that has already proven its commitment to being a leader in workmen’s compensation in South Africa, and I believe there is an opportunity for penetration into the continent and emerging markets, and to better position it within the insurance industry in SA,” says Dloti.
“This is an exciting time to be joining the RMA Board and I look forward to making an important contribution to the company and its future growth.”