Ron Mutandagayi, ZB Holdings chief executive
ZB Holdings still keen on regional expansion…as net insurance income increase in H1
Staff Writer
HARARE, ZB Holdings net business income from insurance operations for the half year 2019 increased 44% to ZW$7 mln from ZW$4,9mln for the half year ended 30 June 2018 with growth in reinsurance premiums reflecting a partial restoration of covers against rising
ZHL still pursuing the elusive USD… in Botswana
ZIMRE Holdings says it is still pursuing the Emeritus International transaction to raise at least $10 million in Botswana to support regional operations.
This is part of the group’s restructuring exercise which commenced in 2016, where the group is targeting to raise a total $30 million through a phased approach.
“Further to the cautionary announcement
Clients of Allan Gray increases stake in Old Mutual Limited
Staff Reporter
HARARE, Old Mutual Limited says clients of Allan Gray now holds 10.0018% of the JSE listed total issued ordinary shares of the company.
In a notice to its shareholders, Old Mutual said the acquisition was done within the confines of the JSE Limited Listing Requirements, among other regulatory requirements.
“….. in accordance
Grace Muradzikwa: IPEC commissioner
Only 52,29% of insured funds administered active: IPEC
HARARE, OF the total 897 pension’s funds under administration, only 469 are active, representing 52,29% of the total insured funds administered.
According to the Insurance and Pensions Commission (Ipec) report for the quarter ended 31 March 2019, the high number of inactive funds was mainly due to some sponsoring
Pension industry posts $48.72 million surplus for Q1 2019
HARARE, The Insurance and Pensions Commission (IPEC) released its 2019 first quarter report on the pensions industry. The sector faces growing challenges in value erosion prompted by the currency devaluation and the effects of the adverse economic environment.
The inflationary impact on disposable income looks to be affecting the uptake from
Funeral assurers struggle to comply with minimum Prescribed Asset ratio
…as profit before tax fall 70.63%
HARARE – The Funeral Assurance sector’s profit before tax in the first quarter of 2019 declined by 70.63% from $1.97 million recorded in the comparable period last year to $580 000 due to an increase in operating expenses as the environment is characterised by inflationary pressures.
During
Minister hopes for fresh approach at NSSA
HARARE, The Minister of Public Service, Labour and Social Welfare, Sekai Nzenza has said the new NSSA board comprise personnel of diverse skills who has ability to bring a fresh approach to the Authority.
“This is a new board with a diversity of skills and expertise bringing a refreshing approach to good corporate governance in order to ensure an effective,
The questions insurance firms should be asking about IFRS 17
HARARE, Insurance companies around the world are preparing to implement IFRS 17 – a new international accounting standard for insurance contracts, proposed by the International Accounting Standards Board (IASB).
The incoming IFRS 17 is like a hybrid of the two most common accounting approaches: the deferral and matching approach and the
The competitive advantages of being a smaller insurer
Ando Insurance is a relative newcomer to New Zealand’s insurance market but has grown significantly over the past 12 months, having doubled in size for both headcount and premium.
According to CEO John Lyon, the company was created to address the increasingly
Zimnat constructs ablution block for girls at Epworth school: Press Release
HARARE, Zimnat, one of the country’s leading insurance and finance groups, has spent more than $110 000 on the construction of a girls’ ablution block at Chizungu Primary School in Epworth.
Currently children at the school use pit latrines, some of which were constructed by the children themselves. There is one block of