GIB Insurance

About: A Short History of GIB

GIB was founded in 1982. From infancy to the present time, it has retained the credo, “Return To Service”. Today, GIB is a dynamic Insurance Broking Group known for its independence, competence, integrity and competitiveness. GIB is the leading wholly owned proudly South African Insurance Broking Group. GIB has grown to be one of the major composite Insurance Broking Houses in South Africa whose growth can primarily be ascribed to loyal, enthusiastic and energetic people.

The 1980’s

  • 1982 – establishment of GIB
  • 1983- GIB became an FIA Member
  • 1986 – GIB became Tribunalised at Lloyds
  • 1987 – GIB established a Specialist Marine Broking Company

The 1990’s

  • 1990 – GIB established a Specialist Mining, Engineering and Construction Broking Company
  • 1992 – GIB established a Life and Investments Consultancy
  • 1993 – GIB established a Specialist Aviation Insurance Broking Company
  • 1996 – GIB entered the Agricultural Insurance Market, with major success
  • 1997 – GIB appointed as an AssurexGlobal Partner
  • 1998 GIB formed a Specialist Employee Benefits Company
  • 1999 – GIB obtained a 13B Pension Fund Administration Licence

The 2000’s

  • 2000 – GIB established Destiny Umbrella Provident Fund
  • 2001 – GIB moved its Corporate Head Office to Houghton
  • 2002 – GIB acquired Thompson Credit, a Specialist Credit and Political Risk Broking Company
  • 2004 – GIB Kwa-Zulu Natal was acquired
  • 2004 – GIB established Destiny Umbrella Pension Fund
  • 2005 – GIB established Destiny Preservation Pension & Provident Funds
  • 2006 – GIB established Sandhill, a Reinsurance Administration Company
  • 2007 – GIB acquired AssurexGlobal Shareholding
  • 2009 – GIB formed Dinaledi, a Specialist TV Film and Media Division
  • 2014 – GIB established Destiny Retirement Annuity Fund
  • 2016 – GIB acquired Richard Bird & Associates, a specialist medical aid consultancy

2010- 2015

  • 2011 – Lephatsi, a B-BBEE Company acquired a 30% Shareholding in the GIB Group
  • 2012 – GIB became a Global Partner to Funk Alliance (Germany), Worldwide Brokers Network, Brokerslink, Verspieren International (France) and Jiang Tai (China)
  • 2013 – GIB formalised GIB Africa Alliance, a Network of Brokers across Africa
  • 2013 – GIB Acquired Debtsource shareholding
  • 2014 – GIB established a Specialist ReĀ­Insurance Broking Company
  • 2015 – Risk Management Solutions added to the GIB Service Bouquet
  • 2015 -GIB established GIB – HW Brokers in the Cape

2016- 2020

  • GIB acquired CGM Insurance Brokers, a specialist in Film and Entertainment Insurance.

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