Complex sentence: The company was founded by John Fairbairn, as a mutual insurance company in 1845 under the name of "The Mutual Life Assurance Society of the Cape of Good Hope" and became "The South Africa Mutual Life Assurance Society" in 1885.
Split into simpler sentences: The company was founded by John Fairbairn, as a mutual insurance company in 1845 under the name of "The Mutual Life Assurance Society of the Cape of Good Hope". The Company became "The South Africa Mutual Life Assurance Society" in 1885.