Momentum Metropolitan buys RMI Investment Managers stake from OUTsurance

📆 12/09/2023 12:58:00
📰 News24

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Insurance and investment group Momentum Metropolitan Holdings (MMH) has agreed to buy OUTsurance’s remaining stake in RMI Investment Managers Group.

OUTsurance was previously a subsidiary of investment holding company Rand Merchant Investment Holdings until the short-term insurer took over the listing of its former parent in December 2022. That process saw RMIH collapse its holding company structure, enabling shareholders to be directly invested in OUTsurance, which was the crown jewel in its investment portfolio.

MMH has been a minority shareholder in RMI Investment Managers Group alongside RMIH since 2015. The expanded stake in RMI Investment Managers Group will increase MMH’s minority stake in a range of independent, owner-managed investment businesses with good growth potential.

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