THE BOARD OF DIRECTORS
Mr Jonathan Bagg
Mr Bagg is the Chairperson of the Audit and Risk Committee. He is a qualified Actuary and currently serves on numerous boards. His industry knowledge is extensive and his experience in the cell captive world is significant.
Mr Badian Maasdorp
Mr Maasdorp is currently a Chairman of the Investment Committee and is currently a member of other boards within South Africa. He is an admitted attorney and has been practicing for many years. He has experience ranging from private equity deal structuring, banking, finance and corporate governance to name a few.
Ms Ayanda Sisulu
Ms Sisulu is a Chairperson of the Nominations and Remunerations Committee and Committee member of various Sub-Committees within Yard Insurance. She has vast experience in investment-banking and has worked on various transactions in African countries.
Mr Farad Kajee
Mr Kajee is the Chief Executive Officer of Yard Insurance. He has worked in investment banking and is an accomplished finance and insurance professional with experience in Mergers and Acquisitions, Underwriting, Claims and Administration.
Ms Fahdia Bhayat
Ms Bhayat is a Committee Member in various Sub-Committees of Yard Insurance. As a lawyer, she has extensive experience in contractual disputes, insolvency, property related disputes, product liability and insurance litigation. She has served as a Director at various reputable firms, thus has a broad experience base.
ABOUT THE TEAM
Chief Executive Officer
Farad has spent the last 20 years in financial services. He has come from an investment banking background with extensive experience in mergers and acquisitions of insurance companies. Farad was appointed as CEO in 2019. He has managed insurance businesses from ground up in all aspect from reinsurance, underwriting , claims and financial management. Understanding risk and structuring of insurance transactions is his expertise.
Chief Risk Officer
Farai is a qualified attorney with additional formal qualifications in Risk Management and a PG Dip in Compliance Management. She has successfully managed and advised on legal and risk matters in different countries. Farai has extensive experience in legal, compliance, risk assessment, risk management and insurance contracts. She leads all interactions with regulator and is our resident expert in the dynamic world of ever changing regulation.
Head of Business Development
Neil heads up the Business Development unit of Yard Insurance. He has over 33 years experience in the industry and has covered all areas from internal audit, underwriting, reinsurance, claims and executive management of business units. He has worked at Guard Risk as Managing Executive Volume and Affinity (Third Party Cells). Neil is truly an expert in sourcing new opportunities, structuring of transactions as well as the reinsurance of all cells. At Yard he is responsible for both First Party and Third Party business.
Head of Portfolio Management
Berenice heads up Portfolio Management and has been in insurance for over 25 years. Her skills include underwriting , claims and compliance. She has a post graduate qualification in compliance. She has worked at various insurance companies and was Portfolio Manager at Guardrisk for UMA’s, Binders and Volume and Affinity Businesses. She understands the cell captive environment intimately and is responsible for the profitable management of all Yard Insurance portfolios.
Chief Financial Officer
Brian is a qualified Chartered Accountant and has held senior positions in KPMG, Mutual and Federal, Zurich Insurance Company( renamed Bryte). After 31 years in the industry he has comprehensive background in finance , accounting and investments. Significant credibility at executive management level in listed companies and has a reputation for strong technical skills, clarity of presentation and frank integrity.