IPEC to share industry developments and reforms at 2017 Shareholder/Investor Forum
Insurance24 Reporter
HARARE, The Insitutute for Sustanability Africa (INSAF) says the dream of receiving meaningful dividends of lost pensions remain bleak with share certificates turning monumental.
The Institute which will hold its Annual 2017 Shareholders and Investors Forum in Zimbabwe next week says many
Insurance companies, pension and provident funds targeted for $80 mln AMA Bills
Insurance24 reporter
HARARE, Financial advisor in the $80 mln Agricultural Marketing Authority (AMA) Bills, CBZ Holdings is inviting insurance players among other investors to subscribe for the bills, it said in a statement.
AMA intends to issue the bills to raise finance for the purchase of maize for the 2017 buying season
Zimnat upgrades the Whole Life Plan with additional benefits
Insurance24 reporter
HARARE, Zimnat Life Assurance has upgraded its Whole Life Plan to include additional benefits as the company seeks to consolidate its position on the market.
Chief Operating Officer Elizabeth Rabvukwa in an emailed response to Insurance24 said the product while not entirely new, is a revised and revamped product.
We
FBC Holdings sets up offshore re-insurance unit in Mauritius
Insuranec24 reporter
HARARE, FBC Holdings says is awaiting approval from the Reserve Bank of Zimbabwe (RBZ) to set up an offshore re-insurance unit in Mauritius as the group seek to address nostro and liquidity challenges obtaining in Zimbabwe which is resulting in delays on settling foreign payments.
FBC has short term and re-insurance operations
IPEC okays liquidation of Allied Banking Group Pension Fund
Insurance24 reporter
HARARE, The Insurance and Pension Commission (IPEC) has approved the liquidation of the Allied Banking Group Pension Fund and independent Consulting Actuary, David Mureriwa has been appointed the Liquidator of the Fund.
The approval is in terms of the Section 10 (1) (a) of the Rules of the Allied Banking Group Pension
The ZSE Insurance Monitor: Old Mutual saves insurers in subdued mid-week trading
Insurance24
HARARE, In a mid-week trading session on which the Zimbabwe Stock Exchange (ZSE) entered a consecutive second day to close in the red, for insurers only Old Mutual traded positive although in a marginal gain of $0.0003 to close at $3.93.
The diversified insurance and financial services group’s marginal
Zimnat in solid FY16 performance as insurance segment lifts Masawara Plc
Insurance24 reporter
HARARE, Masawara Plc‘s insurance segment recorded a positive outturn in 2016 which propelled the Group to an after tax profit of $58 000 from a loss position of $4.7 million in 2015.
Masawara Plc is an investment holding company focused on acquiring interests in companies based in Zimbabwe and the Southern
The ZSE Insurance Monitor: Insurance companies among today’s top losers
Insurance24
HARARE, Insurance giants Old Mutual Plc and First Mutual Holdings are the only counters of the sector that traded in today’s session albeit among top losers of the day.
The Zimbabwe Stock Exchange (ZSE) insurance companies monitor reports that coupled with losses from other three counters, the Industrial
Tristar Insurance adequately capitalized as it changes name
HARARE, First Mutual Holdings (FMHL) says the re-branding process of its short term insurer unit Tristar Insurance is progressing well on the legal side which also involves changing the name.
Tristar Insurance Company offers superior and innovative short term insurance products to individuals and corporates.
“We are still awaiting completion
Fidelity Life Assurance unveils a new funeral cover product
Insurance24 reporter
HARARE, Fidelity Life Assurance has unveiled into the market a new funeral cover product called Fidelity Medicover, which is a unique Funeral Cover that offer policy holder’s free drugs cover.
General Manager Group Marketing at Fidelity Life Assurance of Zimbabwe Melanie Gumbo told Insurance24 in an emailed response