President Mugabe resigns
Insurance24
HARARE, President Mugabe has resigned as Parliamentarians were in the middle of discussing his impeachment. Speaker Jacob Mudenda announced his resignition… Wilds scenes of jubilation now all over Harare, the capital City.
Mugabe had ruled the country for the past 37 years.
More details to follow
FBC Insurance targets global service delivery standards
Insurance24
HARARE, FBC Insurance says the SSP Pure Insurance’s digital platform has not yet been fully operationalized, but once completes, will have a significant impact on service delivery to customers and stakeholders across the group.
The company earlier in the year partnered SSP Pure Insurance, a global provider of technology systems and
ZIMRE Holdings appoints consultant for re-branding
Insurance24
HARARE,ZIMRE Holdings Limited (ZHL) says the mono rebranding of all ZHL Group reinsurance SBU’s both domestic and regional has reached an advanced stage with a consultant already hired to drive the re-branding process.
The two phased exercise is part of the Group’s new strategic thrust which also include bringing regional reinsurance
Fidelity Life Assurance survives the Langford Estate dispute
Insurance24
HARARE, Insurer, Fidelity Life Assurance yesterday survived the risk of losing the Langford Estate after CFI Holdings shareholders rejected the resolution at an Emergency General Meeting (EGM).
The EGM followed a requisition by Willoughby’s Investments –which holds more than 10% of CFI, to reverse the disposal of 81% Langford
Aon sells six businesses in sub-Saharan Africa
Aon plc has sold its entire share of its employee benefit, insurance and reinsurance brokerage operations in Kenya, Lesotho, Malawi, Namibia, Uganda and Zambia to alternative asset manager Capitalworks.
The sale of its businesses in Angola, Mozambique, Swaziland and Tanzania is still awaiting regulatory approval and is expected to be concluded in early
Sadc insurance laws to be harmonized as Zim eyes hosting the CISNA regional office
Insurance24
HARARE, The Committee of Insurance, Securities and Non-Banking Financial Authorities (CISNA) is looking at harmonizing laws governing insurance and capital markets across the Sadc region.
CISNA chairman Tafadzwa Chinamo told a press conference that this was in line with the Sadc’s principles for trade integration,
Non-life insurance companies record a 9.25% surge gross premium written during Q2 2017
Insurance24
Harare- The Insurance and Pension Commission says it is concerned with total assets of 31.46% for short term life insurers which is being concentrated on premium debtors and fixed assets.
In its half year report for Short Term (Non-Life) Insures Ipec said it is important for insurers to structure their
Insurance premiums to grow 5.6% per annum over next five years: Report
Insurance24
HARARE, BMI Research in its latest country risk report says despite Zimbabwe’s insurance markets remaining hostage to the country ‘ s widespread economic issues, the insurance sector will achieve growth over the next five years.
“The outlook for Zimbabwe’s life insurance market is moderate. We predict
ATI advances $200 million insurance support to Zimbabwe
Insurance24
HARARE, Finance Minister Ignatius Chombo says Zimbabwe as a member to the African Trade Insurance (ATI has received insurance support worth $200 million advanced to various projects in the financial, energy and mining sectors.
Last night the ATI launched in Zimbabwe, though the operations are covered from a regional office in Zambia.
“Zimbabwe
The African Trade Insurance Agency (ATI) launches in Zimbabwe
Insurance24
HARARE, The African Trade Insurance Agency (ATI) launches its presence in Zimbabwe tomorrow amid prospects of changing the country’s investment and trade risk profile.
The ATI is Africa’s export credit agency which provides political risk and trade credit risk insurance products with the objective of reducing the business