Regulatory reporting protects policyholders and fund member interests: IPEC Commissioner.
HARARE- The Insurance and Pension Commission (Ipec) says regulatory reporting by the insurance and pensions industry ensures policyholders and fund member interests are protected thus boosting confidence sector.
IPEC Commissioner Tendai Karonga told stakeholders at the IPEC-ICAZ Seminar that regulatory reporting
Investment income lifts First Mutual Holdings in five months to May 2017
HARARE, Total Investment Income lifted First Mutual Holdings profitability in the five months to May 2017. After tax profit for the period increased to 44% to $4.35 million compared to $3.02 million in prior year same period.
In a trading update at the Group’s annual general meeting chief executive officer Doug Hoto said
Old Mutual Custodial Services re-named CABS Custodial Services
HARARE, Diversified financial services and Insurance giant Old Mutual Zimbabwe has rebranded its Custodial Services unit to Cabs Custodial Services as part of meeting international best practice which encourages custodians to operate within a banking institution.
CABS is a member of the Old Mutual Group and have an established strong brand
Treasury targets Pension Funds and Insurance Companies in $50mln Irrigation Bond
HARARE, Government will float a $50 million Irrigation Infrastructure Bond aimed at raising funds to support irrigation development and infrastructure under the Command Agriculture programme.
According to a term sheet seen by Insurance24, the Treasury bond has a coupon rate of 6% and 3-year maturity tenure.
The main targeted