Jurie Erwee, until recently Managing Director of Alexander Forbes Risk Services (AFRS), has been appointed CEO of Alexander Forbes Risk and Insurance Services. Tutu Madungandaba will replace Erwee as Managing Director of Risk Services. Greg Wattam will take up the position of Deputy Managing Director of Risk Services. All three appointments are effective 1 June 2009. 

Erwee, who will become a member of the Alexander Forbes Group Executive Committee, is replacing Anton Ossip who was recently promoted to Group Head of Operations at Alexander Forbes. 

Erwee has been with the group for 20 years, having joined the Stellenbosch business as a graduate trainee in 1989. Erwee became Regional Head: Risk Services Coastal Operations in 2002. In 2004 Erwee transferred to Sandton as Operations Head of Risk Services before becoming MD of Risk Services in 2005.  

Under Erwee’s leadership the corporate and commercial risk business has gone from strength to strength achieving a high level of client retention and new business.

Erwee’s successor, Tutu Madugandaba, has been with the Alexander Forbes Group for 18 years, having joined Alexander Forbes’s Pretoria branch as a graduate trainee shortly after qualifying as an attorney in 1987./span>

Madugandaba, until recently Executive leader of AFRS’s Public Enterprises business unit, was instrumental in the formation of Faranani Risk Solutions, an empowerment company initiated by Alexander Forbes to support enterprise development and capacity building in the insurance broking industry. As MD Madugandaba was instrumental in positioning Faranani Risk Solutions as a dominant player in the public enterprise sector. Faranani was reincorporated into AFRS in 2005.

“Under Madugandaba’s leadership AFRS Public Enterprises Division has become the leading insurance broker for local authorities in South Africa” said Jurie Erwee, CEO of Alexander Forbes Risk & Insurance Services.   

Greg Wattam joined AFRS as a graduate trainee in 1993 and has worked in a number of industry sectors, including manufacturing, mining and forestry where he has earned respect in the market as an industry specialist.

Wattam has been a valuable member of AFRS senior management team for the last four years exercising management responsibility for a number of strategic business units within AFRS’ corporate insurance broking entity. 

“Wattam’s knowledge of the Risk Services business is significant and I have no doubt he will provide invaluable support to the new Managing Director of Alexander Forbes Risk Services, to whom he will report.  

“Furthermore, appointing two internal trainees from Alexander Forbes Risk Services to senior positions is something that the business and management teams can rightfully be proud of” concludes Erwee. 

ENDS 

Issued by:     Stuart Meyer, FDBeachhead
011 214 2408 / 083 618 7260
Further info:   Jurie Erwee, CEO Alexander Forbes Risk & Insurance Services
011 669 3377

Source:    Press Release     26 May 2009