Greener pastures for MMI
02 September 2019 | Business
MMI Holdings Namibia has changed its name to Momentum Metropolitan Namibia Ltd, effective as from yesterday, 1 September. MMI Holdings Namibia emanated from the merger between Metropolitan Namibia Ltd and Momentum Namibia. The company will continue to operate in its current management structure with no change in ownership, personnel nor address.
Metropolitan provides life inssurance, investment and savings solutions to the lower to middle-income market, while Momentum's product range consists of employee benefits, retirement benefit solutions, savings and investment products for the middle to higher income market, and Momentum Short-Term Insurance's product range covers short-term insurance for businesses and individuals.
The merger was in line with MMI Namibia's vision of being a significant player and the preferred financial services provider by expanding its business activities in the insurance, investment, savings, pension fund and healthcare administration industry in Namibia.
Group CEO Grant Marais mentioned that ever since 2013 the MMI brand and name did not resonate with the public in terms of recognising who they are and what they represent. “We are going on a journey to revive and resuscitate the brand we stand for,” he said.
That is why the organisation decided to leverage on the stature brought by both the Momentum and Metropolitan brands.
Momentum Metropolitan Namibia Ltd will be the holding company for all the operating subsidiaries with the following client-facing brands: Momentum, Momentum Investment, Momentum Short-Term Insurance, Metropolitan, and Methealth Namibia Administrators.
“The official name change is launched and I ask you to join us on this fantastic journey in changing our future as we look forward to a long profitable future,” Marais said.