Staff Writer
FINANCIAL services group Zimre Holdings Limited (ZHL) says its key priorities for the year include driving balance sheet optimization, improving collaboration across strategic business units, and the revitalization of better-performing assets, Insurance24 reports
Staff Writer
First Mutual Holdings (FMHL) Insurance Contract Revenue (ICR) for the half-year period to June 30, 2024, grew by 15 percent year-on-year to US$84,009 mln compared to US$73,193 mln for the same period in 2023, primarily driven by increased customer uptake.
Chief executive Doug Hoto told shareholders at the group’s annual general meeting (AGM) that the pure USD ICR contribution remained
Staff writer
Zimbabwe’s capital markets are navigating a complex environment marked by tight liquidity, currency uncertainty, and shifting institutional investment patterns in the second half of the year.
This is coming at a time when the Zimbabwe Stock Exchange turnover saw a total of 1.27 billion shares exchanging hands during the first half of the year, up 179% from 456 million shares were traded
Staff Writer
Old Mutual Zimbabwe launched its nationwide #WinterWarmer Campaign, a compassionate initiative designed to support the country’s most vulnerable communities during the harsh winter season.
Staff reporter
Zimbabwe’s stock market is feeling the strain as pension funds pivot away from equities in favour of property and alternative assets, a move that the Imara Asset Management has said is weighing heavily on the Zimbabwe Stock Exchange (ZSE).
In a recent quarterly investment notes update to clients, Imara non-executive director John Legat said pension funds’ growing preference
Staff Writer
OLD Mutual Insurance Company says its aggressive drive to expand market reach and roll out innovative products underpinned double-digit revenue growth for the year ended December 31, 2024.
Gross premium written (GPW) rose 10% to ZiG1,137 billion from ZiG1,040 billion in 2023, buoyed by new business acquisition and a strong retail portfolio, which grew to contribute 40% of GPW compared
Staff Writer
The Zimbabwe Stock Exchange Holdings (ZSEH) has self-listed on its Main Board by way of introduction, and trading of its securities will commence on July 11, 2025.
Chief executive Justin Bgoni said the listing is part of the ZSE’s transformational journey, which began in 2020 and is now coming to a close with the accomplishment of ZSE Holdings’ self-listing on the ZSE.
He said
Staff Writer
The Insurance and Pensions Commission (IPEC) says it has come up with an administrative framework for offshore investments which seeks to streamline the approval process for offshore investments by pension funds.
In this regard, a tripartite committee which is chaired by Ipec is now in place, and the regulator will be responsible for approving offshore investments.
In 2022, Ipec introduced
Staff Writer
The Insurance and Pensions Commission (IPEC) on July 1, 2025 hosted the President of the Institute and Faculty of Actuaries (IFoA), United Kingdom, Ms Kartina Tahir Thomson, at its Head Office in Harare.
The high-level engagement brought together senior representatives from IPEC, led by Commissioner, Dr Grace Muradzikwa, and the Actuarial Society of Zimbabwe (ASZ) led by its president,
Staff Writer
First Mutual Holdings (FMHL) consolidated Insurance Contract Revenue (“ICR”) for the period ended 31 March 2025 was $41.7 million, reflecting a 17% increase compared to the prior year.
The group in a trading update said the growth was driven by sustained customer confidence in the Group’s insurance offerings.
Absolute foreign currency (USD, BWP and MZN) constituted 82% of the Group’s