HARARE: The High Court has issued a writ of execution against Alliance Insurance Company following its failure to pay a US$4 million settlement to Paramount Exports related to a fire that destroyed the company warehouse in December 2023.
The order targets Alliance’s property as part of efforts to enforce payment under a court-registered settlement agreement.
The fire consumed a three-storey warehouse
Staff Writer
HARARE: Unpaid retirement benefits were the single biggest source of complaints in Zimbabwe’s pensions sector in 2025, underscoring persistent administrative failures that continue to erode public trust in retirement savings, according to the Insurance and Pensions Commission’s (IPEC) latest annual report.
The IPEC Pensions Report for the 12 months
Staff Writer
Zimbabwe’s financial sector must place consumer trust and fair treatment at the centre of insurance and pension reforms if it is to deepen financial inclusion and restore confidence in long-term savings, industry expert has said.
Speaking at the recent Insurance and Pensions Symposium hosted by the Insurance and Pensions Commission (IPEC), Erna Motinga, deputy chief executive for prudential
Staff Writer
Zimbabwe’s pension funds and insurers could play a much bigger role in financing infrastructure, housing, industry and productive sectors if the right reforms are put in place, global pensions expert, Fiona Stewart from the World Bank has said.
Speaking at an Insurance and Pensions Symposium hosted by the Insurance and Pensions Commission (IPEC) last month, Stewart said insurance companies
Staff Writer
HARARE, Government has approved a wide-ranging overhaul of licences, permits, levies and fees in the financial services sector, in a move expected to ease the cost of doing business and improve financial inclusion.
The reforms, approved by Cabinet target long-standing concerns over high transaction costs, duplication of regulatory requirements and excessive
Staff Writer
Old Mutual Zimbabwe’s FinTech (financial technology) business, O MARi, has surpassed 2.1 million customers, marking a significant milestone in the group’s push to expand financial inclusion and build a diversified fintech ecosystem.
The platform, which initially focused on facilitating money transfers, is now evolving into a broader financial services offering, indicating a deliberate
Staff Writer
Fidelity Life Assurance Group delivered a strong financial performance for the year ended December 31, 2025, underpinned by robust insurance revenue growth, improved investment income, and continued strategic execution across its business units.
Insurance revenue rose 46%, driven by innovative product offerings, organic growth, and increased new business uptake.
This momentum pushed total
Staff Writer
FBC Holdings’ insurance businesses delivered mixed performance for the year ended December 31, 2025, with premium growth recorded across units but profitability weighed down by elevated claims, Group chief executive Trynos Kufazvinei said at an analyst briefing.
FBC Insurance Company posted
Staff Writer
HARARE: Old Mutual Zimbabwe reported a strong financial performance for the year ended December 31, 2025, with profit before tax rising 55 percent to US$60.6 million, as total revenue grew 29 percent to US$194.8 million on the back of robust growth across its banking, insurance and asset management units.
Profit after tax increased by 43 percent to US$40.2
Staff Writer
HARARE, CABS, Zimbabwe’s largest building society and a subsidiary of Old Mutual Zimbabwe says strong financial performance in 2025 was underpinned by disciplined lending and a resilient credit quality profile that saw its non-performing loans (NPL) ratio remain below 1 percent as the building society tightened risk controls while expanding its loan book.
Chief executive Mehluli