Pension’s industry asset quality compromised by arrears: IPEC
Insurance24 Reporter
Harare- Total assets for the Pensions industry during the quarter ended 31 March 2017 amounted to $3.35 billion, however with a significant proportion of total assets totaling 15.27% of the asset base tied up in contribution and rental arrears.
“These two asset classes amounted to $462.99 million and $49.41 million
Insurer Old Mutual commission 1.6 MW mini-hydro power plant
Insurance24 Reporter
HARARE, Financial services group and insurance giant Old Mutual Zimbabwe has commissioned its 1.6 MW mini-hydro power plant in Manicaland which was constructed at an investment of $5 mln.
The Group has had several investments in the various sectors of the economy as part of diversification as a financial services group.
Insurance
NicozDiamond Insurance gross written premium up 4% in H1 2017
Insurance24 Reporter
HARARE, NicozDiamond Insurance Limited Gross Premium Written (GWP) increased 4.13% to $23.8 mln during the half year period ended 20 June 2017 compared to $22.9 mln same period in 2016 with the Zimbabwean unit contributing bulk of it at 78%.
According to Chairman James Karidza, NicozDiamond Zim grew 7.4% compared to