FMHL strengthens regional reinsurance operations
Staff Writer
First Mutual Holdings (FMHL) has moved to strengthen its regional reinsurance operations after the Group raised BWP60 million in Botswana as well as capitalising the Diamond Seguros in Mozambique.
A Botswana based firm Aleyo Capital did the bidding for FML for an amount approximately equivalent to US$5,02 million.
The Botswana-based investment
ZB Holdings net insurance earnings overturn loss position
Staff Writer
ZB Holdings’ net insurance related earnings improved from a loss of ZW$0.003bn in 2020, to a profit of ZW$0.830bn in 2021, on the back of a 7% rise in gross premiums from ZW$1.845bn in 2020 to ZW$1.982bn in 2021.
According to the Group’s 2021 financials, insurance related expenses declined 38% to ZW$1.152bn in 2021 from ZW$1.847bn
Eating Only What You Kill – On Performance-Based Fees in the Pension Fund Industry!
Fees destroy value.
Rather put bluntly, but maybe a little bit of basic math will help justify the tone. Did you know that for every half-a-percent charge in fees a member’s accumulated retirement savings drop by a fifth by the time they reach retirement age. Put simply, if a member where to retire with $1 million