IPEC okays liquidation of Lancashire Steel Pension Fund
Insurance24
HARARE, Regulator, the Insurance and Pensions Commission (IPEC) has approved the liquidation of the Lancashire Steel Pension Fund. This is in terms of Section 10 (1) (a) of the Pension and Provident Fund Act (Chapter 24.09) and Section 10.2 of the Rules of the Lancashire Steel Pension Fund as at 31 August 2016.
The steel company folded
FMHL receives regulatory approval for NicozDiamond acquisition
Insurance24
HARARE, First Mutual Holdings (fmhl) says has received regulatory approval for the acquisition of the entire issued share capital of NicozDiamond Insurance, and subsequently the National Social Security Authority (NSSA) has transferred to FMHL 50.89% of the entire issued shares of NDIL.
In an update on transaction to acquire
Deposit Protection corporation invites insurance companies for the provision on services
Insurance24
Deposit Protection Corporation (DPC) invites bound and sealed bids from reputable and well established insurance companies (no brokers) for the provision of insurance services.
13TH check for Pensioners as NSSA profitability soar in excess of $100 mln
Insurance24
Harare, The National Social Security Authority (NSSA) anticipates profitability in excess of $100 million in 2017 thus has approved a bonus payment equivalent to a 13th cheque to all pensioners with their December 2017 pension.
“NSSA’s performance has continued to improve with actual management accounts to 31
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,