Hamtern Financial Services was established in January 2010 by Denis Ternent and Ian Graham, both of whom previously held executive management positions at Glenrand MIB, the only JSE-listed insurance broker and risk advisory company at the time.

Hamtern is an independent short-term broking business, focusing on providing insurance and risk advisory services to corporate and commercial enterprises. We also specialise in Contract Works insurance, Performance Guarantees and providing insurance solutions to high net-worth personal insurance needs.

This is achieved through a range of unique, tailor-made insurance products that have been developed with selected insurers and are available exclusively to Hamtern.

A cornerstone of our business philosophy is to establish long-term, tripartite relationships between our clients, the insurers and ourselves, to the mutual benefit of all parties.

Price is an important consideration in every business transaction, and whilst we strive to achieve the most competitive price, this is not done to the detriment of:

  • the scope and extent of cover provided by the insurer,

  • the financial security and reputation of the insurer, and

  • the service provided by the insurer.

Hamtern utilise a range of blue-chip insurers and underwriting managers, thereby ensuring that our clients receive the most competitive premium pricing, coupled with the broadest form of policy protection available in the market for each particular class of risk. Furthermore, Hamtern provides sustainable insurance and risk advisory solutions, in which each client’s particular insurance and risk management requirements are analysed and assessed, resulting in a bespoke insurance solution.

We also seek to place cover with reputable insurers who are ethical and held in high esteem by the insurance community and have a positive attitude toward the payment of claims.

Hamtern strictly adheres to the legislation governing “treating the customer fairly” and we act in a transparent manner in which we are not conflicted in the method in which we deal with both insurers and our clients. Our broking remuneration is also disclosed to each client for the advice and services rendered by Hamtern.

Hamtern has experienced exponential growth across a number of industry sectors, which include listed property portfolios, mining operations, construction, food and agriculture. We also cater for our clients’ operations in the rest of Africa and Europe.

We ascribe our success to clients aligning themselves to an independent broker who has the necessary skills and expertise and is totally committed to providing a superior service.


On the 1st of March 2019 the Directors of Hamtern finalised a transaction in which Mohau Equity Partners acquired a 51% stake in Hamtern Financial Services.

Mohau is an investment holding company founded by Dr Penny Osiris (Moumakwa) and is a strategic long-term investor , majority owned and controlled by black women, with Discovery Holdings Ltd as a strategic partner. The founders and principals of Mohau have held senior leadership and operational roles in top SA companies including Discovery Ltd, Nedbank, Standard Chartered Bank, Ethos Private Equity and various other leading corporates and parastatal institutions.



Denis has been in the insurance industry for 35 years, having commenced his career in the insurance company market where he spent 6 years honing his marine and corporate underwriting skills. During this time, he studied and qualified as an Associate of the Chartered Insurance Institute of London. In the latter part of 1986, Denis joined Minet Insurance Brokers, which became Glenrand MIB, where he rose to Executive Head, responsible for Corporate, Commercial and Specialist Insurance lines. His particular field of expertise lies in providing insurance and risk management solutions to corporations and large commercial enterprises.


Ian entered the insurance industry in 1980 when he was employed by a leading insurer. After a period of two years he joined a firm of loss adjusters where he developed his technical insurance skills. In 1984, Ian accepted a position at Glenvaal Insurance Brokers during which time he qualified as an Associate of the Chartered Insurance Institute of London. Following a series of mergers, which culminated in the formation of Glenrand MIB, Ian attained the position of Executive Head, Personal and Affinity Insurance Solutions. During this time, he successfully launched various products aimed at the personal insurance needs of the medium to high net worth individual.


David entered the insurance industry in 1980. In 1983 he qualified as an Associate and in 1985 as a Fellow of the Chartered Insurance Institute of London. He also holds the titles of Chartered Insurance Practitioner and Fellow of the Insurance Institute of South Africa. In 1991 he became a founding Director and shareholder of MFW Insurance Brokers (Pty) Ltd. In 2008 he became the sole owner of MFW. On 1 March 2015, MFW Insurance Brokers merged with Hamtern Financial Services and in so doing, David became a Director and shareholder of the combined company.

Dr P M Osiris (Moumakwa)

A qualified medical doctor, Dr Penny Osiris (Moumakwa) has extensive experience at executive level building dynamically entrepreneurial organisations – in private and public sectors. She brings solid experience and leadership in driving business, creating strategic people centered solutions, developing market relevant products and bringing wisdom and intellectual leadership to Boards.


Tumi is a qualified chartered accountant who has spent most of her career in banking and corporate finance, including having worked for Nedbank as well as run her own financial services advisory business.