Who We Are
Established in 1964, Cannon Assurance Limited (CAL) developed deep roots in the community based on its heritage and was known to build long lasting client relationships that survived from one generation to the next. It offered a full suite of general (short term) insurance solutions covering corporate, retail and the SME segments backed by a solid reputation of meeting its obligations.
Metropolitan Life Assurance Limited (MLAL) started operating in 2007, offering life (long term) insurance solutions to retail and corporate clients.
Following the acquisition of a majority stake in CAL by Momentum Metropolitan Holdings (MMH) of South Africa in 2015, Metropolitan Cannon was born with the amalgamation of CAL and MLAL completed in 2017.
The result was the emergence of Metropolitan Cannon General Insurance Limited (MCGIL) commonly known as MetCannon General, and Metropolitan Cannon Life Assurance Limited (MCLAL) known as MetCannon Life which was born out of the consolidation of CAL and MLAL life insurance licenses into one.
MMH was founded in 1966 and is a is a South African based financial services group listed on the Johannesburg Stock Exchange and on the Namibian Stock Exchange. It was born from the merger of Metropolitan Holdings and Momentum Group in December 2010 and has over 16,000 employees across Africa, Asia and the United Kingdom with businesses covering short term, long term, asset management, investments, savings, healthcare administration and employee benefits. It has client-facing brands namely Metropolitan and Momentum, with other specialist brands including Guardrisk and Eris Property Group, Momentum Metropolitan enables business and people from all walks of life to achieve their financial goals and life aspirations.