Bramer Life Insurance (Pty) Ltd

August 26th, 2015

Bramer Life Insurance (Pty) Ltd is a non-bank financial institution, regulated by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA), and licensed under the Insurance Industry Act (CAP:46:01) to carry on insurance business.

Due to regulatory developments in Mauritius involving BAI group of companies, of which Bramer Life Insurance (Pty) Ltd was a subsidiary, NBFIRA took a decision to place Bramer Life Insurance (Pty) Ltd under statutory management and appointed Mr Nigel Dixon-Warren as statutory manager in April 2015.

NBFIRA is satisfied that the grounds for the continued provision of statutory management services no longer exist and hereby gives the Public notice that Mr Nigel Dixon-Warren’s appointment as Statutory Manager of Bramer Life Insurance (Pty) Ltd has been terminated in terms of Section 75(a) of the Non- Bank Financial Institutions Regulatory Authority Act.

Further, NBFIRA has approved Bramer Life’s change of name to Bona Life, in accordance with the NBFIRA Act.

The Public and policyholders are therefore advised that Bona Life (formally Bramer Life) Insurance (Pty) Ltd continues to trade normally and maintains its status as a licensed non-bank financial institution.

OAITSE M. RAMASEDI
CHIEF EXECUTIVE OFFICER