Johan Wethmar
B.Sc. (Eng)., M.Sc. (Eng)., Pr Eng. FSRM

On completion of post graduate studies in 1972 Johan worked for a short while in the engineering profession as research group leader and later as consulting engineer.

In 1975 he made a career move into the insurance industry, joining Federale Makelaars, and in 1977 he founded and became the first Executive Director of Corporate Risk Management.

He was responsible for fundamental development work involving risk management products for application in South Africa. These included:

  • Risk identification and evaluation and advising on the need for insurance and self insurance
  • The primary development in South Africa and the application of statistical evaluation and loss forecasting to support the structuring of insurance programmes
  • Computer based monitoring of risk financing performance of structures implemented
  • Development of alternative risk solutions including Captives in RSA

In September 1978 he joined the Hollandia Reinsurance Company where he managed the local and foreign proportional and non proportional treaty underwriting portfolio, as well as the total portfolio of Hollandia retrocession business into the international reinsurance market. A major share of his function involved the design and development of protection packages for catastrophe risk, the experience gained is still used today in developing captive reinsurance programmes.

With this background he was invited to join Willis Faber as Managing Director of a new company to be formed, Willis Faber Risk Management (Pty) Ltd, as a management board director.

In 1985 he financed and created Prorisk offering the only independent consulting service to the South African insurance industry. Prorisk clients then include a number of the leading insurance companies, most of the major insurance brokers in the industry, and many major corporate clients in the financial, commercial and industrial sector. During his term as Managing Director Prorisk was the leading risk financing consulting company in RSA.

Johan was involved with the development of the UNISA course on Risk Management and wrote the study material for two of the major courses. This involvement also included giving lectures and setting examinations for the UNISA course.

Johan revived the company SRS of which he is now Chief Executive in September 2001. This company holds management contracts for various insurance companies in RSA and Johan serves on the board of these companies as Non Executive Director.

Sigma Risk Solutions (Pty) Ltd
Reg. No. M1993/004910/07
Authorised FSP License No.: 4348
FSP Representative: BC Wethmar
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