Fidelity Life appoints Chief Finance Officer
Insurance24
HARARE, Fidelity Life Assurance has appointed Patricia Zvandasara as Group Chief Finance Officer effective 01 October 2017. She has worked in various local and international organisations and extensive experience spanning over 22 years particularly in the insurance industry.
“She served in various senior leadership capacities where she drove
Sanlam to Acquire Absa Consultants and Actuaries
Insurance24
Sanlam Life Insurance Limited (“Sanlam Life”) is pleased to announce that it has entered into agreements to acquire 100% of the issued share capital of Absa Consultants and Actuaries Proprietary Limited (“ACA”) from Absa Financial Services Limited for a consideration of R285 million.
The transaction is subject to certain conditions
Rewriting the words brokers should be using to win clients
Insurance24
HARARE, It could be that you’re talking to your potential clients all wrong, that what you’re saying is turning them off rather than securing that deal.
Maybe you have a tried and true script you work off. Certainly there are insurance buzzwords you use time and time again…
Well, it may be time to re-evaluate the way
FML to capitalise merged Nicoz and Trista insurance, 17.9% of $17.52 mln reserved for cash component of transaction
Insurance24
HARARE, First Mutual Holdings says of the raised $17.52 mln capital through a renounceable rights offer, approximately 17.9% had been set aside for the estimated cash component of the transaction to acquire Nicoz Diamond issued share capital with the balance being utilised
Insurers battle for top recognition at 2017 Zimbabwe Service Excellence Awards
Insurance24
HARARE, Insurers, Zimnat, Nicoz Diamond, Old Mutual and Fidelity Life have been nominated for the 2017 Zimbabwe Service Excellence Awards in the Insurance sector category and will battle it out at the awards ceremony to be held on the 20th October, 2017.
The Zimbabwe Service Excellence Awards are organised and
Absence of a prudential and market conduct regulator disadvantages health insurance in Zimbabwe: IPEC
Insurance24
HARARE, The Insurance and Pensions Commission (IPEC) says health insurance in Zimbabwe has malfunctioned oftentimes to the disadvantage of not only thousands of needy patients but also critical service providers.
These, according to the Manager Insurance and Micro-Insurance ,Insurance and
AHFoZ concerned about huge increase in drug prices
Insurance24
HARARE, The Association of Healthcare Funders of Zimbabwe (AHFoZ) has expressed concern over the huge increase in the price of drugs at most pharmacies, which it said could only worsen the suffering of patients.
In a statement, AHFoZ, which represents the country’s medical aid societies, said over the past three weeks most pharmacies
CFI Holdings EGM to seal fate for Fidelity Life’s Langford Estates transaction
Insurance24
HARARE, Insurer, Fidelity Life Assurance may lose the Langford Estate, a land comprising of 834 hectares, if Willoughby’s Investments, a substantial shareholder in CFI Holdings succeed in reversing the transaction at an extra-ordinary general meeting to be held next month.
The transaction which was consummated
FML raise $17.25 mln in rights offer
Insurance24
HARARE, First Mutual Holdings rights offer raised $11.67 mln after a subscription rate of 67.68% at the close of the offer. The underwriter’s portion was $5.57 mln, accounting for 32.32% to bring the subscription rate to 100%.
The proceeds are targeted at financing the acquisition of a 80,92 stake in NicozDiamond as well as capitalising the operations.
Ipec warns regulatory action for Life Assurers defaulting on minimum prescribed ratio
Insurance24
HARARE, Non-complaint life assures with the minimum prescribed ratio of 7.5% risk regulatory action, regulator, the Insurance and Pensions Commissions has warned.
For the period second quarter ended 30 June 2017, 8 players were fully compliant with the prescribed minimum prescribed ratio of 7.5% with the