Businesses Owned By Douw Steyn

Businesses Owned By Douw Steyn. Douw Gerbrand Steyn is a South African billionaire businessman According to The Sunday Times Rich List of 2021 Steyn has an estimated net worth of R16. 7 Billion. In April 2020, Steyn pledged R320 million to assist the coronavirus relief efforts in South Africa through the Douw Steyn Family Trust and the companies he founded. Below are some of the businesses owned by Douw Steyn.

BGL Group

Steyn founded BGL Group (which was founded as Budget Insurance Company in 1992), a UK-based insurance and financial services company, and the parent of Its main lines of business are vehicle and home insurance, with a range of supplementary products such as breakdown cover, legal protection and personal accident cover. In 2013 it added life insurance through the Beagle Street brand. The company opened its Cape Town Contact Centre in 2004, set up as a complimentary service in 2005, and sold Budget Retail in 2006. In July 2007 the company changed its name to BGL Group.

Telesure Investment Holdings

Telesure Investment Holdings (Pty) Ltd (TIH) is the holding company of some of South Africa’s leading and innovative financial institutions. These financial institutions are licensed to provide financial products and/or services ranging from short-term, long-term and health insurance as well as a comparison and investment platforms. It exists to continuously find better ways to give people peace of mind, whether it is to protect what they own, their loved ones or their greater ambitions and life plans they’re working so hard for. They are proven pioneers with a hunger for doing and being the best we can, bringing customer-focused innovation and service excellence to the financial services industry.

Auto & General Insurance

Auto & General Insurance has a proud history of innovation and has been an influential player in the short-term insurance industry since its inception in 1985. Over the years, Auto & General has become synonymous with service excellence and offers a comprehensive suite of insurance products to suit its client’s car, home and commercial needs.

By Thomas Chiothamisi

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