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Discovery Insure – Sandton, South Africa – 100% Shareholding – Offering motor vehicle, household and other short-term risk insurance in South Africa. VitalityHealth – London, United Kingdom – 100% Shareholding – Offering personal medical insurance products in the United Kingdom. 25% of the venture was previously held by Prudential Plc.
Vitality is a United Kingdom-based company offering private health insurance and life insurance to the UK market. It has approximately 1.8 million members (June 2024 figures). The company is a subsidiary of Discovery Limited, a South Africa-based financial services group listed on the Johannesburg Stock Exchange (JSE).
In November 2015, the firm acquired Christie Phoenix Ltd. [18] and their affiliate Discovery Insurance Services Ltd., both located in Victoria B.C. Christie Phoenix is a retail insurance broker founded more than 40 years ago and specializes in providing commercial property and personal lines of insurance service to middle-market and individual ...
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In 1992, Gore raised seed money for Discovery from Laurie Dippenaar, and other funders who founded Rand Merchant Bank. [5] Discovery has since evolved into a diversified and multinational financial services group. Prior to Discovery limited, Adrian Gore worked at Liberty Life, an insurance and investment firm. [5]
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Metropolitan was founded in 1898 as Homes Trust Limited and was later acquired by Sanlam in 1918. [3] [4] Sanlam merged Homes Trust Limited with Metropolitan Life Insurance Company Limited (another one of its subsidiaries) to form Metropolitan Homes Trust Life Limited in 1979.