Staff Writer
HARARE: Fidelity Life Assurance (FLA) says the asset separation exercise is close to completion and is set to be concluded in Q1 2025.
Chairman Livingstone Gwata, in a statement on the group’s 2024 financials, said the business is now wrapping up the paperwork required to fully execute the exercise.
“The exercise brings
Staff Writer
Banking unit CABS says it is committed to playing its part in the economic development of the country and, as a financier, has provided working capital and capital expenditure loans to the productive sectors of the economy.
Managing Director Mehluli Mpofu, in a statement of financials for the year ended December 31, 2024, said CABS was active in the agriculture and mining sectors as well
Staff Writer
ZIMRE Holdings says group insurance revenue amounted to US$61.86 million in 2024 compared to US$50 million in the prior year, and the bulk of it came from reinsurance business, which accounted for 78 percent.
This was followed by life and pensions business at 18 per cent and short-term insurance at 4 percent.
Net investment income was US$12.62 million, while non-insurance income amounted
Staff Writer
HARARE, The Passengers Association of Zimbabwe national coordinator Mr Tafadzwa Goliath has said the introduction of a toll-free line is a welcome development, offering vital support to those in need, particularly when navigating claims or services.
This follows the launch by the
Staff Writer
Harare, The Insurance Council of Zimbabwe (ICZ) has launched an integrated emergency call centre (591), accessible free across the country’s networks and linked to critical emergency services.
Chairman David Nyabadza, at the launch said the toll-free call centre is directly integrated with critical emergency services, such as the Zimbabwe Republic Police (ZRP), ambulance services, insurers
Staff Writer
HARARE: Stanbic Bank Zimbabwe has launched a series of Level Up Business Clinics at its Incubator Hub, aimed at equipping small and medium sized enterprises (SMEs) with the tools to address their business challenges and enhance their growth prospects.
The clinics, which follow the success of the bank’s Starter Up Incubation programme inaugurated last year, will support 63 entrepreneurs
Staff Writer
HARARE, Old Mutual says it is proud to continue its longstanding role as the title sponsor of the Institute of Chartered Accountants of Zimbabwe (ICAZ) Charity Golf Tournament, held on April 4, 2025.
For over 12 years, this partnership has brought together golfing enthusiasts and industry leaders, all united in the common goal of supporting vital educational initiatives and community
Staff Writer
HARARE, The Reserve Bank of Zimbabwe (RBZ) says pensions provide financial security and dignity in retirement, encouraging long-term savings and contributing significantly to national capital formation.
Governor Dr John Mushayavanhu, at a recent media awards ceremony, said importantly, the insurance and pensions industry in Zimbabwe has been playing a critical role in mobilising domestic
FBC Holdings Limited says its insurance businesses are continuously adapting to industry developments as the insurance industry faced mixed fortunes in 2024, Insurance 24 reports
Staff Writer
HARARE: ZB Financial Holdings says an increase in new business as well as in sum assured was key in driving growth in gross premium for the group in 2024, closing the year at ZWG 0.16 billion and ZWG 0.33 billion in reinsurance gross premium.
The Group says this was also buoyed by an increase in the share participation,