Staff Writer

Harare, Zimnat General Insurance has been ordered by the High Court to pay US$1,4 million to Spencers Creek (Pvt) Ltd after the court ruled that Covid-19 triggered business interruption cover under an insurance policy issued to Ilala Lodge in Victoria Falls.

Delivering judgment in Bulawayo, Justice Mpokiseng Dube ordered the insurer to pay “the sum of US$1 400 000 . . . being monies

Staff Writer

Harare, First Mutual Holdings Limited has launched a US$11,9 million cash offer to acquire minority shareholders in its listed property subsidiary, First Mutual Properties Limited, as part of plans to delist the business from the Zimbabwe Stock Exchange and bring it fully under group control.

FMHL operates across life assurance, health insurance, short-term insurance, reinsurance, wealth