Nortje takes over as Credit Guarantee MD
South African underwriting firm Credit Guarantee, which is 51%-owned by insurance giant Mutual and Federal, said on Monday that former Marsh Africa MD Charles Nortje had taken over as its new MD on August 1, following the retirement of Mike Truter.
After 27 years of service, Truter had reached mandatory retirement age.
The company also announced that newly appointed Mutual and Federal CEO Raimund Snyders was now the chairperson of its board, succeeding Peter Todd, who had resigned as Mutual and Federal MD.
Mutual and Federal risk and actuarial executive Edward Paul also joined the Credit Guarantee board as a nonexecutive director.
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