One Financial Services Holdings Pty Ltd (known as ONE) is the holding company of group of financial services companies providing tailored financial solutions to their clients.

One Insurance Underwriting Managers (Pty) Ltd, (ONE SURE) is a leading short term niche underwriter which, after underwriting on behalf of Absa Insurance Company Limited since 1996 and Absa Insurance Risk Management Services Limited since 2010, entered into a partnership with Mutual & Federal Risk Financing Limited with effect from 1st May 2015. In terms of the agreement, ONE SURE underwrite through a cell in Mutual & Federal Risk Financing Limited, a wholly owned subsidiary of Mutual & Federal Insurance Co Ltd, a member of the Old Mutual Group.

About Us

Fitch Ratings has assigned Mutual & Federal Risk Financing Limited’s (M&F RF) a National Insurer Financial Strength (IFS) rating of ‘AAA(zaf)’

Over the years, ONE has built a market reputation for being an entrepreneurial and innovative organisation providing a large range of products to their broker network off a single, integrated administrative platform.

ONE began as a specialist motor underwriter and developed into a well-diversified, highly efficient and forward thinking underwriter generating over R1.2 billion in gross premiums annually spread across all classes.

ONE provides a variety of industry specific products and solutions in the following lines:

  • Commercial
  • Personal
  • Motor
  • Engineering
  • Marine
  • Accident & Health
  • Liability
  • Guarantees

Many businesses were acquired and incorporated into ONE during the last 20 years securing a broad product range and growing our specialist expertise. In addition to creating an integrated platform ONE have invested heavily in acquiring specialist UMA’s and service providers who form an integral part of the overall solutions we provide our policyholders.


  • Absolute Underwriting Managers Incorporated.
  • Underwriting heavy commercial trucks for ABSA Insurance Company LTD


  • Extend product line GIT



  • Terrazzo - Engineering
  • Refine - Bonds and Guarantees / Retail Fuel
  • Private Motor - Absolute Private Motor
  • Hospitality - Hospitality Insurance
  • Ecofin - Acquired Commercial Business



  • ABACUS: Schools, Education, Body Corporates
  • Driving Schools
  • Personal Accident
  • EVB - Commercial and HCV Book
  • Hospitality - Hospitality Insurance
  • Book Transferred to ABSA Insurance Risk Management Services Ltd.


  • Acquired Kiln South Africa (Marine and Commercial)
  • Incorporated STILUS - Body Corporate Levy Insurance
  • Launched Ibiliti - commercial and busses
  • Added Agri and Wildlife


  • Prime Asset and Hospital cash


  • Ownership and new management bought in Motor Fleet/ Heavy Commercial Motor


  • Added Liability


  • Added Marine Insurance



  • Fleet Risk Underwriters - Commercial motor fleet
  • Netsure - Churches and Charities
  • Bloemfontein Underwriting Managers – HCV


  • RIMS & Absolute UMA’s Total Loss cover & HCV
  • Acquired General & Professional Liability Acceptances (GPLA)
  • Medical Malpractice, PI & Cyber Liability (GPLA)


  • iTruck HCV
  • SA Sure
  • Labour cover