OUR STORY

Solid Oak Insurance PCC Limited was registered on 16 May 2016 in the Republic of Seychelles under the Seychelles Companies Ordinance, 1972. Solid Oak Insurance PCC Limited is a Non-Domestic Long-Term Insurance Company (License no: NDI011), licensed by the Financial Services Authority of Seychelles (“FSA”), to carry on linked long-term insurance business in accordance with Section 10(1) of the Insurance Act, 2008.  Solid Oak Insurance (Barbados) Limited is a full subsidiary of Solid Oak Insurance PCC Limited and was incorporated in Barbados and obtained its Class 2 Insurance licence on 17 July 2023.  Through these licenced entities, Solid Oak can offer insurance products to policy holders globally.

Solid Oak focuses primarily on providing insurance products to clients by way of Regulated Intermediaries to better manage the client relationship.

Estate planning and wealth management service providers typically utilise one or a combination of several products to satisfy the needs of their clients. These needs broadly include wealth preservation, perpetuity investment management and structured holding in a well-regulated jurisdiction. The products used to achieve these needs include tax efficient offshore companies, foundations and trusts as well as insurance products.

COMPANY OBJECTIVES

The key objective of Solid Oak is to provide insurance products to individuals and entities currently holding either illiquid or liquid assets and/ or a portfolio of assets in existing structures around the globe as well as those who are interested in starting the process through Regulated Intermediaries.

The Company will look to develop additional insurance and wealth management products based on needs identified by management in collaboration with its Regulated Intermediaries and to refine its current policies to enhance its robustness for selected individual markets globally.

DIRECTORS SHAREHOLDING

As at 31 December 2022:

Direct
Indirect Beneficial
Indirect non-Beneficial
Total
Nicolaas (Nico) Johannes Ackermann 652,442 679,072 1,331,514
Edmond (Ed) Joseph Tuohy 292,933 1,038,581 1,331,514
Johannes (Jan) Nicolaas Ackermann  10,446 240,000 260,000 510,446

Directors

Johannes (Jan) Nicolaas Ackermann

Managing Director

Jan is a Chartered Accountant by profession. After completing his Accounting qualification at the University of Cape Town Jan went on to complete his articles and become a Partner at Pim Goldby (now Deloitte) in Cape Town, South Africa.

Jan has acquired over 30 years of experience in Finance and Project Management including 16 years at Sanlam (long-term insurer in South Africa) and was Head of Shareholder Services. Jan was also CEO of GS Registrars, a company responsible for maintaining the Share Register of listed companies in South Africa.

Jan has served on many committees including the Western Cape Society of Chartered Accountants which later became the South African Institute of Chartered Accountants (Southern Region).

Jan has extensive experience in a wide range of industries including: Insurance, Financial Services, Financial Management, Audit and Accounting, Project Management and Agriculture

 

Edmond (Ed) Joseph Tuohy

After completing his articles at KPMG, Ed joined Westpac Bank within their internal audit and risk department. After Westpac, Ed joined Macquarie Bank as part of their Equity Derivatives Division and in 2007, Ed was given the opportunity to move to South Africa with Macquarie where he was instrumental in setting up the bank’s South African equities and derivatives desks. Later, he went on to co-found Velocity Trade South Africa, where he remains a director. Through successive roles, he has developed in-depth expertise in regulation, markets, risk, operations and the implementation of IT infrastructure.

 

Nicolaas (Nico) Johannes Ackermann

Nico started his career as an article clerk at PKF (then Fisher Hoffman Stride) in Cape Town in 1995. After completing his articles, he remained on at the firm as a senior audit manager. During this time, he was involved in numerous listings. Nico gained in-depth experience in governance and consulted on many transactions within the listed environment. He left the firm in 2004 to join a listed venture capital holding company as the group financial director.
After leaving the listed environment Nico ran his own consulting company specialising in governance and sustainable strategy development and implementation.

Most recently Nico was director of Capital Markets in Corporate Finance at Grant Thornton where, among other things, he consulted on the formation of the Seychelles stock exchange and was a key member of the team that wrote the listing requirements.

Nico has extensive experience across multiple industries including property, packaging, biotech, agriculture, financial services, and mining. He has served as executive and non-executive director of both listed and unlisted public and private companies.

Solid Oak Insurance PCC Limited
Country of Incorporation: Incorporated in the Republic of Seychelles
Company Registration Number: 8417764-4
Non-Domestic Insurer Licence No: NDI011
Registered Address: 104 First Floor
Waterside Property
Eden Island,
Seychelles
Solid Oak Insurance (Barbados) limited
Country of Incorporation: Barbados
Company Registration Number: 51173
Insurer License no: 709
Business Address: C/O Centurion Assurance Management, Carleton Court, High Street, Bridgetown, St. Michael, Barbados, BB11128
Securities Exchange Listings: Solid Oak Insurance PCC Limited is listed on the Main Board of SECDEX, with Share Code SOL and ISIN SC79431AAH22. SECDEX Exchange Limited (“SECDEX”) is authorised and licensed by the Seychelles FSA to operate a regulated securities exchange with multi-asset capabilities, which include derivatives and digital assets. (www.secdex.net)