The company has also announced the appointment of Riaan van Reenen as CEO of Discovery Life.
Current CEO of Discovery Life, Hylton Kallner, has been appointed as the CEO of Discovery’s South African operations.
According to a statement released by Discovery, Kallner will lead the composite strategy for health, life, invest, insure, and vitality entities, and will oversee their integration with vitality and Discovery Bank.
He will remain in his role as chairman of the South African executive committee.
Current chief actuary Riaan van Reenen will take over the role of CEO and director of Discovery Life.
According to the statement, Van Reenen has led the Discovery Life actuarial valuations team since its inception. He has also led the establishment of the actuarial functions for Group Risk, Discovery Invest and Vitality Life in the UK.